Patent Item		Initial Cost		Date Acquired		Useful Life at Date Acquired
Patent A		$50,592		3/1/10		17 years
Patent B		$17,040		7/1/11		10 years
Patent C		$19,200		9/1/12		4 years

The following events occurred during the year ended December 31, 2014.

1.		Research and development costs of $245,350 were incurred during the year.
2.		Patent D was purchased on July 1 for $34,314. This patent has a useful life of 91/2 years.
3.		As a result of reduced demands for certain products protected by Patent B, a possible impairment of Patent Bs value may have occurred at December 31, 2014. The controller for Tones estimates the expected future cash flows from Patent B will be as follows.

Year		Expected Future Cash Flows
2015		$2,150
2016		2,150
2017		2,150

The proper discount rate to be used for these flows is 8%. (Assume that the cash flows occur at the end of the year.)

Tones Industries has the following patents on its December 31, 2013, balance sheet.

Compute the total carrying amount of Tones patents on its December 31, 2013, balance sheet. (Round all answers to 0 decimal places, e.g. 8,564)

Total carry amount $_________

Compute the total carrying amount of Tones' patents on its December 31, 2014, balance sheet. (Round all answers to 0 decimal places, e.g. 8,564)

Total carrying amount $________