The following events occurred during the year ended December 31,2025 . 1. Research and development costs of $247,000 were incurred during the year: 2. Patent D was purchased on July 1 for $37.848. This patent has a useful life of 91/2 yearsi. 3. As a result of reduced demands for certain products protected by Patent B, a possible impairment of Patent 8 's value may huve occurred at December 31, 2025. The controller for Cheyenne estimates the expected foture cash flows from Patent B will be astollows: Compute the total carrying amount of Cheyenne's patents on its December 31, 2024, balance sheet. (Round answer to 0 decimal places, e. 8, 5,125. Total carrying amount e eTextbook and Media Attempts: 2 of 3 used (b) Compute the total carrying amount of Cheyenne's patents on its Decenter 31. 2025, balance sheet. (Raund preient vilue factar Colculotionis fo 5 decimel places, eit 1.25124 and final anwer to 0 decimal places es, 58,971.1 Total cacryinenamount The following events occurred during the year ended December 31,2025 . 1. Research and development costs of $247,000 were incurred during the year: 2. Patent D was purchased on July 1 for $37.848. This patent has a useful life of 91/2 yearsi. 3. As a result of reduced demands for certain products protected by Patent B, a possible impairment of Patent 8 's value may huve occurred at December 31, 2025. The controller for Cheyenne estimates the expected foture cash flows from Patent B will be astollows: Compute the total carrying amount of Cheyenne's patents on its December 31, 2024, balance sheet. (Round answer to 0 decimal places, e. 8, 5,125. Total carrying amount e eTextbook and Media Attempts: 2 of 3 used (b) Compute the total carrying amount of Cheyenne's patents on its Decenter 31. 2025, balance sheet. (Raund preient vilue factar Colculotionis fo 5 decimel places, eit 1.25124 and final anwer to 0 decimal places es, 58,971.1 Total cacryinenamount