On March 1, 2022, Entity A purchased a patent for a new drug for $2,000,000. It is estimated that the patent will have a useful life of 8 years though it has a legal life of 10 years. The amount of amortization expense recognized for the year 2022 would be (round to nearest dollar if necessary) $ 166,667 $200,000 $250,000. $208,333 QUESTION 4 Entity J had the following accounts: Common stock, $2 par, 10,000 shares authorized, 500 shares issued, ?? shares outstanding $ 1,000 Paid-in-capital in excess of par 16,500 Treasury stock (20 shares at cost) 1,200 Retained earnings 75,000 What is Total Stockholders' Equity? $93,700 $17,500 $92,500 $91,300