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 $354,000. Ingrid allocated $59,000 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 $14,500. How much amortization expense on the phone list can Ingrid deduct in year 1, year 2, and year 3? Answer is complete but not entirely correct. $ Year 1 amortization expense Year 2 amortization expense Year 3 amortization expense Phone List 1,933 X 2.900 X 2,900 X $ $