E9-12 Computing and Reporting the Acquisition and Amortization of Three Different Intangible Assets [LO 9-6] dook Bluestone Company had three intangible assets at the end of the current year. a. A patent purchased this year from Miller Co, on January 1 for a cash cost of $5,400. When purchased the patent had an estimated b. A trademark was registered with the federal government for $9,500, Management estimated that the trademark could be worth as much as $230,000 because it has an indefinite life. Computer licensing rights were purchased this year on January 1 for $30,000. The rights are expected to have a five-year useful life to the company erences Required: 1. Compute the acquisition cost of each intangible asset. 2. Compute the amortization of each intangible for the current year ended December 31 3. Show how these assets and any related expenses should be reported on the balance sheet and income statement for the current year Complete this question by entering your answers in the tabs below. 2. Compute the amortization of each intangible for the current year ended December 31. 3. Show how these assets and any related expenses should be reported on the balance sheet and year. Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3A Reg 38 Compute the acquisition cost of each intangible asset. Acquisition Cost Patent Trademark Licensing Rights Reg 2 2. Compute the amortization of each intangible for the current year ended December 31. 3. Show how these assets and any related expenses should be reported on the balance sheet and income year. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Req Req 38 Compute the amortization of each Intangible for the current year ended December 31. (Do not round Intermediate calculations.) Amortization Expenses Patent Trademark Licensing Rights 10 2. Compute the amortization of each intangible for the current year ended December 31. 3. Show how these assets and any related expenses should be reported on the balance sheet year. 9 nts Complete this question by entering your answers in the tabs below. eBook Req 1 Reg 2 Req Reg 38 Print "eferences Show how these assets and any related expenses should be reported on the income statement fort BLUESTONE COMPANY Incomo Statement (partial) For the year ending December 31