Classifying Intangible Costs on the Balance Sheet The adjusted trial balance of Lawrence Corporation showed the following selected account balances (all debits) at December 31, 2020, the end of the annual reporting period. Cash $70,400 Trademark $30,400 Patent, net 22,400 Prepaid insurance (two-thirds is long-term) 9,600 Accounts receivable (net of allowance) 144,000 Copyright, net 19,200 Prepaid rent expense (current) 1,600 Equipment (net of accumulated depreciation) 480,000 Marketable equity securities (current) 80,000 Notes receivable, trade (short-term) 16,000 Franchise, net 28,800 R&D expense 62,400 Rent revenue receivable (current) 4,800 Noncompete agreement 19,200 Goodwill 96,000 Required Prepare the asset section of Lawrence's balance sheet at December 31, 2020. Include the proper balance sheet classifications with separate captions for current assets; property, plant, and equipment; intangible assets, and other assets. Assume that all required amortization entries have been made. Note: List all accounts within each balance sheet category in alphabetical order. Lawrence Corp. Balance Sheet-Selected Balances December 31, 2020 Assets Current Assets $ $ Property, plant, and equipment Intangible assets Other assets Total Assets