A patent was purchased from Lou Company for $1,470,000 on January 1, 2018. Tamera estimated the remaining useful life of the patent to be 15 years. The patent was carried in Lou's accounting records at a net book value of $1,190,000 when Lou sold it to Tamera. During 2019, a franchise was purchased from Rink Company for $490,000. In addition, 5% of revenue from the franchise must be paid to Rink. Revenue from the franchise for 2019 was $1,800,000. Tamera estimates the useful life of the franchise to be 5 years and takes a full year's amortization in the year of purchase. Tamera incurred R&D costs in 2019 as follows:

Materials and equipment	$129,000
Personnel	131,000
Indirect costs	80,000
	$340,000

Tamera estimates that these costs will be recouped by December 31, 2020.

On January 1, 2019, Tamera estimates, based on new events, that the remaining life of the patent purchased on January 1, 2018, is only 10 years from January 1, 2019.

Required:

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1. Prepare a schedule showing the intangibles section of Tamera's balance sheet at December 31, 201