Q-Rey Software Products develops and sells accounting software. $200,000 of research and development costs (incurred after the point of technological feasibility) through September 30, 2020, were related to Q-Reys new software product Balanced. Q-Rey management estimated that the product would have a service life of 5 years and would generate revenues of $3 million. The product was released and available for sale on October 1, 2020. Sales of Balanced from October 1 to December 31 totaled $500,000. What was the amortization expense for Balanced in 2020 under the straight-line and revenue methods, respectively?

a. $8,750; $29,167

b. $9,523; $8,333

c. $40,000; $33,333

d. $10,000; $33,333