Wycoff Company reported the following in the long-term asset section of its balance sheet: Dec 31, Year 2 Dec. 31, Year 1 Equipment, net of depreciation of $120,000 and 105,000, respectively $167,500 $182,500 Patent, net of amortization of $34,650 and $31,050, respectively 88,000 92,500 The company uses the straight-line method to depreciate and amortize all of its operating assets. No new long-term assets were acquired nor sold during the year. How much amortization expense did Wycoff recognize during Year 2? O $31,050 Os 3,600 $88.000 0 $34,650