Question 1 5 pts On February 1, 2018. Blue Corporation began work on a project that ultimately resulted in filing for a patent on a new product in June of 2018 which was granted in January of 2019. Costs incurred during 2018 related to this project are listed below: Salaries of R&D employees $100,000 Equipment used on the project 12,000 Legal fees & other costs of patent registration 7,500 During 2019. Blue Corp. successfully defended the patent in court at a cost of $25,000. Which of the following is correct: O More than one of these are correct The patent will not be amortized, but is tested for impairment annually O The patent is originally recorded at $107,500 The total amount to be capitalized for the patent by the end of 2019 is $32,500 The patent is originally recorded at $19,500