a) Given the following information, prepare the Intangible section of the balance sheet for Hamilton Technology Company as at Dec 31, 2021. Use correct format and show your calculations. (7 marks) b) Calculate the total amount of the expenses that would appear on the income statement related to these events. (3 marks) The following transactions occurred on Jan 1, 2021: a. The company invested $90000 in research and development to create a new software application. b. The company purchased franchise rights for a new retail outlet. They paid a sum of $40,000 for an 8-year contract. The royalty fees for the firs year were $14,000. c. The company purchased a patent from a startup tech entrepreneur for $20,000. The legal life of the patent is 20 years but they feel that after 5 years, it will be replaced with a superior application. d. The company paid legal fees of $4000 to defend the above patent. Unfortunately, the company lost the case. e. The company purchased a small startup company that had a strong customer base. They paid $60,000. The value of the physical assets was estimated to be $10000. The additional value is expected to have an indefinite life