Carla Vista Co. purchases a patent for $183,300 on January 2, 2022. Its estimated useful life is 6 years. (a) Compute amortization expense for the first year.

Amortization Expense

enter the Amortization Expense

(b) Show how this patent is reported on the balance sheet at the end of the first year.

select an opening section name Current LiabilitiesTotal Current LiabilitiesNon-Current LiabilitiesTotal Liabilities and Shareholders' EquityIntangible AssetsTotal Intangible AssetsProperty, Plant and EquipmentNon-Current AssetsTotal Current AssetsTotal Property, Plant and EquipmentCurrent AssetsShareholders' EquityTotal AssetsTotal Shareholders' Equity:
enter a balance sheet item		$enter a dollar amount