Schinler Company incurred research and development costs of $200,000 to internally develop a new technology on January 1, 2019 and incurred legal/filing fees of $40,000 to successfully apply for and receive a patent on July 1, 2019. The patent has a legal life of 20 years and an estimated useful life of 10 years. What amount should Schinler record as Amortization Expense in the first full year? $12,000 $24,000 $2,000 $4,000