In 2021, a company purchased two patents. Related information follows: Purchase price Legal and filing fees Patent 1 Patent 2 $660,000 $360,000 41,000 36,000 In addition, near the end of 2021, the legality of both patents was challenged. The company paid $66,000 to defend Patent 1, and the defense was successful. The company paid $56,000 to defend Patent 2, but the defense was not successful and the patent was determined to have no value. Ignoring any amortization in 2021, the amount of expenditures to capitalize at the end of the year is: Multiple Choice O $1,097,000 $767,000 O $1,097,000. O $767,000. O $1,163,000. O $823,000