Data related to the acquisition of timber nights and intangible assents during the current year ended December 31 are as tollows A Timber rights on a tract of land were putchased for $2,442,370 on February 22 . The stand of smber is estimated at 5,957,000 board feet. During the current year, 1,013,900 board teet of timber were cut and sold B. On December 31, the compary determined that 53,385,000 of goodwill was impaired C. Governmental and legal costs of $6,426,000 were incurred on April 3 in obtaining a paient with an estimated econornic life of 10 yoars Amortzation is to be for three-fourtis of a year. Required: 1 Determine the amount of the amortzation, depteson, or impairment for the current year for each of the foregoing atems. 2. Joumalize the adjusong enties tequired to record the amortization, deplesion, or impairment for each inem. Reler so the Chart of Accouns for exact wording of account bses