Oriole Industries has the following patents on its December 31, 2024, balance sheet. Patent Item Patent A Patent B Patent C 2. 3. Year 2026 Initial Cost 2027 $44,472 $17,160 The following events occurred during the year ended December 31, 2025. 2028 $23,040 1. Research and development costs of $248,000 were incurred during the year. Patent D was purchased on July 1 for $26,106. This patent has a useful life of 9/2 years. As a result of reduced demands for certain products protected by Patent B, a possible impairment of Patent B's value may have occurred at December 31, 2025. The controller for Oriole estimates the expected future cash flows from Patent B will be as follows. Expected Future Cash Flows $1,800 Date Acquired Useful Life at Date Acquired 1,800 1,800 3/1/21 7/1/22 9/1/23 Click here to view factor tables. 17 years 10 years 4 years The proper discount rate to be used for these flows is 8%. (Assume that the cash flows occur at the end of the year.)

Compute the total carrying amount of Oriole's patents on its December 31, 2024, balance sheet. (Round answer to 0 decimal ploces es 5,125 .) Total carrying amount eTextbook and Media Attempts: unlimited (b). Compote the total carrying amount of Orioles patents on its December 31, 2025, balance sheet, (Round present vahue factor calculations to 5 decimal places, es, 1.25124 and final answer to 0 decimal ploces es. 58,971) Total carrying amount