The following events occurred during the year ended December $31,2025.$

Research and develapment costs of $$361,400$ were incurred during the year.

Patent D was purchased on July $1$ for $$11,520.$ This patent has a useful life of $12$ years.

As a result of reduced demands for certain products protected by Patent $B,$ a possible impairment of Patent B$\text{'}$s value may

have occurred at December $31,2025.$ The controller for Kingbird 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 accur at the end of the year.$)$

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$($a$)$

Your answer is correct.

Compute the total carrying amount of Kingbird's patents on its December $31,2024$ balance sheet.

Total carrying amount $

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$($b$)$

Compute the tatal carrying amount of Kingbird's patents on its December $31,2025$ balance sheet. $($Round present value factor

caiculations to $5$ decimal places, eg$.15\mathrm{.}24673$ and final answer to $0$ decimal places, e$8.5,125.)$

Total carrying amount $