1.On January 1, 2020,Riverbedsigned an agreement to operate as a franchisee of Hsian Copy Service, Inc. for an initial franchise fee of $80,000. Of this amount, $16,000was paid when the agreement was signed, and the balance is payable in 4 annual payments of $16,000each, beginning January 1, 2021. The agreement provides that the down payment is not refundable and no future services are required of the franchisor. The present value at January 1, 2020, of the 4 annual payments discounted at12% (the implicit rate for a loan of this type) is $48,600. The agreement also provides that7% of the revenue from the franchise must be paid to the franchisor annually.Riverbed's revenue from the franchise for 2020 was $940,000.Riverbedestimates the useful life of the franchise to be 10 years. (Hint:You may want to refer to Chapter 18 to determine the proper accounting treatment for the franchise fee and payments.

2.Riverbedincurred $75,000of experimental and development costs in its laboratory to develop a patent that was granted on January 2, 2020. Legal fees and other costs associated with registration of the patent totaled $22,400.Riverbedestimates that the useful life of the patent will be8years.

3.A trademark was purchased from Shanghai Company for $40,000on July 1, 2017. Expenditures for successful litigation in defense of the trademark totaling $17,000were paid on July 1, 2020.Riverbedestimates that the useful life of the trademark will be20years from the date of acquisition.

Prepapare schedule showing the intangible assets section ofRiverbed's balance sheet at December 31, 2020?.