During year 1, Microcomp Corp. incurred costs to develop and produce a routine, low-risk computer software product, as described below. Completion of detailed program design Costs incurred for coding and testing to establish technological feasibility Other coding costs after establishment of technological feasibility Other testing costs after establishment of technological feasibility Costs of producing product masters for training materials Duplication of computer software and training materials from product masters (1,000 units) Packaging product (500 units) $13,000 10,000 24,000 20,000 15,000 25,000 9,000 1. In Microcomp's December 31, Year 1 balance sheet, what amount should be reported in inventory? 2. In Microcomp's December 31, Year 1 balance sheet, what amount should be capitalized as software cost subject to amortization