Wildhorse Industries has the following patents on its December 31, 2024, balance sheet. Patent Item Initial Cost Date Acquired Useful Life at Date Acquired Patent A $44,064 3/1/21 17 years Patent B $16,920 7/1/22 10 years Patent C $22,080 9/1/23 4 years The following events occurred during the year ended December 31, 2025. 1. Research and development costs of $246,000 were incurred during the year. Patent D was purchased on July 1 for $45,030. This patent has a useful life of 91/2 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 Wildhorse estimates the expected future cash flows from Patent B will be as follows. The following e, ents occurred during the year ended December 31.2025. 1. Research and development costs of $246.000 were incurred during the year. 2. Patent D was purchased on July 1 for $45,030. This patent has a useful life of 91/2 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 Wildhorse estimates the expected future cash flows from Patent B will be as follows. Expected Future Year Cash Flows 2026 $2.150 2027 2,150 2028 2,150 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. Your answer is correct. Compute the total carrying amount of Wildhorse's patents on its December 31, 2024, balance sheet. (Round answer to O decimal places g. 5,125) Total carrying amount 61538 eTextbook and Media Question Part Score (b) Attempts: 1 of 5 used 4.78/4.78 Compute the total carrying amount of Wildhorse's patents on its December 31, 2025, balance sheet. (Round present value factor calculations to 5 decimal places, eg. 1.25124 and final answer to O decimal places eg. 58,971) Total carrying amount $