Answer the questions asked about each of the factual situations. $($Do not leave any answer field blank. Enter O for amounts.$)$

Sandhill purchased a patent from Vania Co$.$ for $$1,190,000$ on January $1,2023.$ The patent is being amortized over its remaining legal life of $10$ years, expiring on January $1,2033.$ During $2025,$ Sandhill determined that the economic benefits of the patent would not last longer than $6$ years from the date of acquisition. What amount should be reported in the balance sheet for the patent, net of accumulated amortization, at December $31,2025?$

The amount to be reported

$

$2.$ Sandhill bought a franchise from Alexander Co$.$ on January $1,2024,$ for $$345,000.$ The carrying amount of the franchise on Alexander's books on January $1,2024,$ was $$345,000.$ The franchise agreement had an estimated useful life of $30$ years. Because Sandhill must enter a competitive bidding at the end of $2026,$ it is unlikely that the franchise will be retained beyond $2033.$ What amount should be amortized for the year ended December $31,2025?$

The amount to be amortized

$

$3.$ On January $1,2025,$ Sandhill incurred organization costs of $$272,500.$ What amount of organization expense should be reported in $2025?$