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Carla Vista Company has a December 31 fiscal year end. Selected information follows for Carla Vista Compary for two independent situations as at December 31,

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Carla Vista Company has a December 31 fiscal year end. Selected information follows for Carla Vista Compary for two independent situations as at December 31, 2024: 1 Carla Vista purchased a patent from Tamarisk Inc. for \\( \\$ 501,000 \\) on January 1, 2021. The patent expires on January 1, 2029. Carla Vista has been arnortizingit over its legal life, During 2024, Carla Vista determined that the patent'seconomic benefits would not last longer than six years from the date of acquisition. 2. Carla Vista has a trademark that had been purchased in 2017 for \\( \\$ 285,000 \\). During 2023 , the company spent \\( \\$ 50,000 \\) on a lawsuit that successfully defended the trademark. On December 31,2024, it was assessed for impairment and the recowerable amount was determined to be \\( \\$ 306,000 \\). (a) For each of these assets, determine the amount that will be reported on Carla Vista's December 31, 2023 and 2024, balance. sheets. (Round answers to 0 decimal ploces, es 5,276 )

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