Bramble Industries Ltd. acquired two copyrights during 2020. One copyright was on a textbook that was developed internally at a cost of $35,400. This textbook is estimated to have a useful life of 3 years from July 1,2020 , the date it was published. The second copyright is for a history research textbook and was purchased from University Press on October 1, 2020, for $53,400. This textbook seems to have an indefinite useful life. How should these two copyrights be reported on Bramble's statement of financial position as at December 31, 2020? opyright No. 1 should be . It would be reflected on the December 31, 2020 at \$ opyright No. 2 should be . It would be reflected on the December 31,2020 at \$