3. Indicate how items on the list below would generally be reported in the financial statements. \begin{tabular}{|c|c|c|c|} \hline & Item & Classification & \\ \hline [6] & \begin{tabular}{l} Cost of searching for applications of \\ new research findings. \end{tabular} & & \\ \hline [7] & \begin{tabular}{l} Goodwill acquired in the purchase of \\ a business. \end{tabular} & & \\ \hline[8] & \begin{tabular}{l} Cost of purchasing a patent from an \\ inventor. \end{tabular} & & \\ \hline [9] & \begin{tabular}{l} Legal costs incurred in securing a \\ patent. \end{tabular} & & 8 \\ \hline [10] & \begin{tabular}{l} Cost of conceptual formulation of \\ possible product alternatives. \end{tabular} & & \\ \hline [11] & Cost of purchasing a trademark. & & \\ \hline \end{tabular}