Data related to the acouisition of timber rights and intangible assets during the current year ended December 31 are as follows: a. Timber rights on a tract of land wore purchased tor $3,180,540 on February 22 . The stand of timber is estimated at 5,214,000 board feet. During the current year, 1,125,600 board feet of timber were cut and sold. b. On December 31, the company determined that $4,023,000 of goodwill was impaired. c. Governmental and legal costs of $6,720,000 were incurred on April 3 in obtaining a patent with an estimaled economic life of 12 years. Amortization is to be for three-fourths of a year. Required: 1. Determine the amount of the amortization, depletion, or impaiment for the current year for wach of the foregoing ifems. 2. Joumalize the adjusting entries required fo record the amortization, depletion, or impaiment for each item. 1. Delermine the amount of the amortization, depletion, or impwiment for the current year for each of the items in the instructions. in. b. c. soid 2. mone cheoktly Wiors use remairinge