On January 1, Year 1, Stiller Company paid $224,000 to obtain a patent Stiller expected to use the patent for 5 years before it became technologically obsolete. The remaining legal life of the patent was 8 years. Based on this information, what is the amount of amortization expense during Year 3 and the book value of the patent as of December 31, Year 3, respectively? Multiple Choice $28,000 and $84,000 $28,000 and $140,000 $44,800 and $134,400 $44,800 and $89,600 O