Bluestone Company had three intangible assets at the end of the current year: a. A patent purchased this year from Miller Co. on January 1 for a cash cost of $4,200. When purchased, the patent had an estimated life of 14 years that the trademark could be worth as much as $100,000 because it has an indefinite life. expected to have a four-year useful life to the company. b. A trademark was registered with the federal government for $3,000. Management estimated c. Computer licensing rights were purchased this year on January 1 for $20,000. The rights are Required: 1. Compute the acquisition cost of each intangible asset 2. Compute the amortization of each intangible for the current year 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