Harvest Coffee developed a new product during 2022 , incurring $168,000 in research and development costs, $12,000 in legal fees, and $12,000 in application fees with the U.S. Patent Office. A patent for this product was granted on July 1,2022 and is expected to have a useful life of 5 years and a legal life of 20 years. How much amortization expense will be reported on the statement for the year-ending December 31, 2022? Select one: a. $2,400 b. $4,800 c. $1,200 d. $19,200 e. $600