EX9#17: ETB developed a new manufacturing machine incurring $160,000 in research and development expenses from January to June 2017. ETB purchased their new patent on June 1, 2017 for $36,000; the patent has a useful life of 20 years. Instructions: ETB is preparing their December 31, 2017 fiscal year end financial statements, calculate the amortization expense for the patent since its acquisition? Use worksheet on following slide. A. Debit Amortization Expense Patent $1,050 B. Debit Amortization Expense Patent $5,719 c. Debit Amortization Expense Patent $9,800 EX9#17: ETB developed a new manufacturing machine incurring $160,000 in research and development expenses from January to June 2017. ETB purchased their new patent on June 1, 2017 for $36,000; the patent has a useful life of 20 years. Instructions: ETB is preparing their December 31, 2017 fiscal year end financial statements, calculate the amortization expense for the patent since its acquisition? USE THE WORKSHEET 3647: INSTRUCTOME: DRAW THE WORGHET TOCALCULATE THE AMORTATION E PENSE FOR THE PATENT FORFSCAL YEAR-END DECEMBER 31, 2017 AN W AR APR MAY JUNE JULY AUGSTO NOV K TOTAL AMORTUATIONEPENGEN MONY FIRST YEARUFEOS -PETENT