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 $1,600 When purchased the patent had an estimated life of 8 years b. A trademark was registered with the federal government for $10,000 Management estimated that the trademark could be worth as much as $240,000 because it has an indefinite life Computer licensing rights were purchased this year on January 1 for $12,000 The nights are expected to have a swyear usele to the company 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 Complete this question by entering your answers in the tabs below. Reg 3A Rege Reg 1 Reg 2 Compute the acquisition cost of each intangible asset. Acquisition Cost Patent Trademark Licensing Rights Reg 2 > 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 in year Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Req Req 3B Compute the amortization of each intangible for the current year ended December 31. (Do not round inte calculations.) Amortization Expenses Patent Trademark Licensing Rights 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 year. Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Reg 3A Reg 3B Show how these assets and any related expenses should be reported on the income statement for the BLUE STONE COMPANY Income Statement (partial) For the year ending December 31 1014 year Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3A Req Show how these assets and any related expenses should be reported on the balance sheet for the current year. (Negative amounts should be indicated by a minus sign.) BLUESTONE COMPANY Balance sheet (partial) At December 31 Intangibles