In early January 2019, Sheridan Corporation applied for a patent, incurring legal costs of $108,000. In January 2020, Sheridan incurred $19,620 of legal fees in a successful defense of its patent.

(a)

Compute 2019 amortization, 12/31/19 carrying amount, 2020 amortization, and 12/31/20 carrying amount if the company amortizes the patent over 10 years.

2019 amortization		$
12/31/19 carrying value		$
2020 amortization		$
12/31/20 carrying value		$