Data related to the acquisition of intangible assets during the current year ended December 31 are as follows:
a. Goodwill arising from acquiring a business was purchased on January 9 for $29,500,000. The goodwill is estimated to have been impaired during the year, and thus was estimated to have a value of $9,400,000 on December 31.
b. Governmental and legal costs of $225,600 were incurred on July 5 in obtaining a patent with an estimated economic life of eight years.
c. Copyrights with an estimated life of 12 years were purchased for $90,000 on September 1.

Instructions
1. Record the acquisition of each intangible asset.
2. Record the December 31 adjusting entries for each intangible asset.
3. What impact will the transactions in (1) and (2) have on the statement of cash flows?