Splish Brothers Industries has the following patents on its December 31,2024 , balance sheet: The following events occurred during the year ended December 31,2025 . 1. Research and development costs of $360,500 were incurred during the year: 2. Patent D was purchased on July 1 for $10,080. This patent has a useful life of 12 years. 3. As a result of reduced demands for certain products protected by Patent B, a possible impairment of Patent B 's value may have occurred at December 31, 2025. The controller for Splish Brothers estimates the future cash flows from Patent B will be as follows: The proper discount rate to be used for these flows is 8%. (Assume that the cash flows occur at the end of the year.) Click here to view factor tables (a) Compute the total carrying amount of Splish Brothers's patents on its December 31, 2024 balance sheet