I solved for B but that's not the correct answer.

On January 1, 2022, Riley developed a new manufacturing process, incurring research and development costs of $102,000. The company also purchased a patent for $37,400. In early January, Riley recorded $139,400 as the cost of the patents. Patent amortization expense was recorded based on a patent's maximum legal life, although the patent purchased had a remaining useful life of only 10 years. Assuming Riley reported net income before the costs associated with the intangibles of $350,000, what is the amount of net income reported by Riley and what is the correct net income for 2022