Help Seve & Exit Su Check my work k 3 Homework Assignment O 2 1of2 OOK Required information Problem 02-74 (LO 02-4) (Algo) Send [The following information applies to the questions displayed below] Bethany incurred $23,000 in research and experimental costs for developing a specialized product during July of year 1 Bethany went through a lot of trouble and spent $34,250 in legal fees to receive a patent for the product in August of year 3. Bethany expects the patent to have a remaining useful life of 10 years. (Do not round intermediate calculations.) Problem 02-74 Part a (Algo) a. What amount of research and experimental expenses for year 1, year 2, and year 3 may Bethany deduct if she elects to amortize the expenses over 60 months? Year 1 Research and experimental expenses Year 2 Year 3