Problem 4: (20 points) In early January 2014, Lerner Corporation applied for a patent, incurring legal costs of $60,000. In January 2015, Lerner incurred $9,000 of legal fees in a successful defense of its patent. Instructions (a) Compute 2014 amortization, 12/31/14 carrying value, 2015 amortization, and 12/31/15 carrying value if the company amortizes the patent over 10 years. (b) Compute the 2016 amortization and the 12/31/16 carrying value, assuming that at the beginning of 2016, based on new market research, Lerner determines that the recoverable amount of the patent is $48,000