could someone please help?

Information concerning Cheyenne Corporation's intangible assets is as follows. 1. On January 1, 2020, Cheyenne signed an agreement to operate as a franchisee of Hian Copy Service, Inc. for an initial franchise fee of $50,000. Of this amount, $10,000 was paid when the agreement was signed, and the balance is payable in 4 annual payments of $10,000 each, beginning January 1, 2021. The agreement provides that the down payment is not refundable and no future services are required of the franchisor. The present value at January 1, 2020, of the 4 annual payments discounted at 10% (the implicit rate for a loan of this type) is $31,700. The agreement also provides that 4% of the revenue from the franchise must be paid to the franchisor annually. Cheyenne's revenue from the franchise for 2020 was $900,000. Cheyenne estimates the useful life of the franchise to be 10 years. (Hint: You may want to refer to Chapter 18 to determine the proper accounting treatment for the franchise fee and payments.) 2. Cheyenne incurred $60.000 of experimental and development costs in its laboratory to develop a patent that was granted on January 2, 2020. Legal fees and other costs associated with reglstration of the patent totaled $22,400. Cheyenne estimates that the usefullife of the patent will be 8 years. 3. A tradernark was purchased from Shanghai Company for $44,000 on July 1, 2017. Expenditures for successful litigation in defense of the trademark totaling $11,900 were paid on July 1,2020. Cheyenne estimates that the useful life of the : trademark will be 20 years from the date of acquisition. Prepare a schedule showing the intangible assets section of Cheyenne's balance sheet at December 31,2020. CHEYENNE CORPORATION Expenses Resulting from Selected Intangible Assets Transactions eTextbook and Media