During the current year, Cactus Company spent $190,000 developing a new process, $45,000 in legal fees to obtain the patent, and $91,000 to market the process that was patented. Cactus recorded $45,000 as the cost of the patent. This amount is: Group of answer choices Incorrect - the amount capitalized for the patent is too high Incorrect - the amount capitalized for the patent is too low Correct Incorrect - the patent should not have been capitalized; all costs should have been expensed