Bluestone Company had three intangible assets at the end of the current year: a. A patent purchased this year from Miller Company on January 1 for a cash cost of $1,600. When purchased, the patent had an estimoted life of 8 years. b. A trademark was registered with the federal government for $10,000. Management estimated that the trademark could be worth os much os $240,000 becouse it has an indefinite life. c. Computer licensing rights were purchased this year on January 1 for $42,000. The rights are expected to have a sixyear uspful life to the company Required: 1. Compute the acquisition cost of each intanglble assot. 2. Compute the amortization of each intangible for the currentyear ended December 31. 3. Show how these assets and any related expenses should be reported on the balance sheet and income statement for the current. year. Complete this question by entering your answers in the tabs below. Compute the acquisition cost of each intangible asset