On April 1, ABC Corporation invests $75.000 in a 9-month Certificate of Deposit (CD) that pays an annual interest rate of 4 percent. The company prepares quarterly financial statements, using the calendar year. If ABC fails to make a quarterly adjusting entry on June 30, by how much will the quarter's income be understated? (Enter a positive number.) On July 1, 2015, ABC Corporation purchased a smaller company in the same industry. As part of the acquisition, ABC recorded a patent asset for $28.800 and a trademark asset for $13,200. The patent expires in 2033, but ABC has concluded that its economic useful life is 10 years from the purchase date. The trademark has an indefinite life. How much amortization expense should ABC recognize for these intangible assets in calendar year 2015? a. 52,880 b. 52.100 c. $1,440 d. 54.200