Cant figure you. Please explain the answer you get. Thank you

Question 1 Crane Company has provided information on intangible assets as follows. A patent was purchased from Ford Company for $2,559,000 on January 1, 2016. Crane estimated the remaining useful life of the patent to be 10 years, The patent was carried in Ford's accounting records at a net book value of $1,822,000 when Ford sold it to Crane. ing 2017 a anch se was purchased from Polo Company for $545,000 n addition 4% of revenue from the anchise must be paid to Polo Re er efom the ranch se or 2017 was s so oo the franchise to be 10 years and takes a full year's amortization in the year of purchase. rane estimates useful Crane incurred research and development costs in 2017 as follows. Materials and equipment 144,200 Personnel Indirect costs 185,200 103,500 $432,900 Crane estimates that these costs will be recouped by December 31, 2020. The materials and equipment purchased have no alternative uses. On January 1, 2017, because of recent events in the field, Crane estimates that the remaining life of the patent purchased on January 1, 2016, is only 5 years from January 1, 2017 Prepare the intangibles section of Crane's balance sheet at December 31, 2017. (Enter account name only and do not provide descriptive information.) CRANE COMPANY Intangibles Section of Balance Sheet