20 December 31, 2021 Assets ntangible assets ble Assets and Goodit Coprights 198600 tea - Accumulated Amerization Copyrights -34200 16- Development Corts 272050 Lewe Accumulated Avertization Development Costs - 1310 Indelete-ile obiet 492 eTextbook and Media + Ch 9 HW Question 6 of 8 15.87/20 The intangible assets and goodwill reported by Oriple Corporation at December 31, 2020, follow: $36,600 18.100 Copyrights (1) Less Accumulated amortization Trademarks Goodwill 5 18.300 50.110 122.600 $191.090 Total A copyright (1) was acquired on January 1, 2019. and has a useful life of four years. The trademarks were acquired on January 1, 2017, and are expected to have an indefinite life. The company has a December 31 year end and prepares adjusting journal entries annually The following cash transactions may have affected intangible assets and goodwill during 2021 Jan 5 Paid $4,780 in legal costs to successtully defend the trademarks against infringement by another company July 1 Developed a new product, incurring $220.250 in research and $52.400 in development costs with probable future benefits. The product is expected to have a useful life of 20 years Sept. Paid $55,050 to a popular hockey player to appear in commercial advertising the company's products. The comercials wit air in early September Oct. 1 Acquired another copyright 21 for $162,000. The new copyright has a useful life of six years. 31 Determined the fair value of the goodwill to be $36.260. There was no indication that the copyrights or trademarks were impaired 1 Der