During the current year, Cactus Company spent $190,000 developing a new process, $45,000 in legal fees to obtain the patent, and $91,000 to market the process that was patented. Cactus recorded $45,000 as the cost of the patent. This amount is:
a. the amount capitalized for the patent is too high
b. the amount capitalized for the patent is too low
c. the patent should not have been capitalized
d. all costs should have been expensed