Data related to the acquisition of timber rights and intangible during the current year anded December 31 are as follows: On December 31, the company determined that S1,220,000 of goodwill was impaired. Governmental and legal costs of 311,040,000 were incurred on September 30 in obtaining a patent with an estimated economic life of 12 years. Amortization is to be for one-fourth of a year Timber rights on a tract of land were purchased for $1,725,000 on February 4. The stand of timber is estimated at 7,500,000 board feet. During the current year, 2,000,000 board feet of timber were cut and sold. Required: 1. Determine the amount of the amortization, depletion, or impairment for the current year for each of the foregoing ltem. Do not round your intermediate calculation Impairment, Amortization or Depletion Expense Item 2. Journalize the adjusting entries required to record the amortization, depletion, or impairment for each item b