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Fields Laboratories holds a valuable patent (No. 758-6002-1A) on a precipitator that prevents certain types of air pollution. Fields does not manufacture or sell the products and processes it develops. Instead, it conducts research and develops products and processes that it patents, and then assigns the patents to manufacturers on a royalty basis. Occasionally it sells one of its patents. The history of Fields patent number 758-6002-1A is as follows. Date 2011 - 2012 Jan. 3, 2013 Activity Research conducted to develop precipitator Design and construction of a prototype (capitalization criteria not yet met) Cost $388,000 92.700 Mar. 15. 2013 40,000 Jan 4, 2014 Testing of models Fees paid to engineers and lawyers to prepare patent application, patent granted January 4, 2014 Engineering activity necessary to advance the design of the precipitator to the manufacturing stage 56,900 Nov. 30, 2015 80.500 48,550 Dec. 31. 2016 Apr 15, 2017 July 31, 2021 Legal fees paid to successfully defend precipitator patent Research aimed at modifying the design of the patented precipitator Legal fees paid in unsuccessful patent infringement suit against a competitor 49.550 32,000 Fields assumed a useful life of 17 years when it received the initial precipitator patent. On January 1, 2019, it revised its useful life estimate downward to five remaining years. The company's year ends December 31. Fields follows IFRS for reporting purposes estion 2 OT 4 0/15 E X Your answer is incorrect. Calculate the carrying value of patent No. 758-6002-1A on December 31, 2014 Carrying value of patent $ 53553 e Textbook and Media X Your answer is incorrect. Calculate the carrying value of patent No. 758-6002-1A on December 31, 2018. Carrying value of patent $ 81779 eTextbook and Media * Your answer is incorrect. Calculate the carrying value of patent No. 758-6002-1A on December 31, 2021. Carrying value of patent $ 32711 e Textbook and Media