Required information [The following information applies to the questions displayed below.) After several profitable years running her business, Ingrid decided to acquire the assets of a small competing business. On May 1 of year 1, Ingrid acquired the competing business for $432,000. Ingrid allocated $72,000 of the purchase price to goodwill. Ingrid's business reports its taxable income on a calendar year basis. (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) a. How much amortization expense on the goodwill can Ingrid deduct in year 1 year 2, and year 3? Deductible amortization expense Year 1 Year 2 Year 3 Required information The following information applies to the questions displayed below.) After several profitable years running her business, Ingrid decided to acquire the assets of a small competing business. On May 1 of year 1, Ingrid acquired the competing business for $432,000. Ingrid allocated $72,000 of the purchase price to goodwill. Ingrid's business reports its taxable income on a calendar-year basis. (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) b. In lieu of the original facts, assume that Ingrid purchased only a phone list with a useful life of 5 years for $21,000. How much amortization expense on the phone list can Ingrid deduct in year 1, year 2, and year 3? Phone List Year 1 amortization expense Year 2 amortization expense Year 3 amortization expense