I don't have more info this is all I was given

Homework (Accounting for Franchise, Patents, and Trade Name) Information concerning Cao Corporation's intangible assets is as follows. 1. Cao incurred $115,000 of experimental and development costs in its laboratory during 2017 to develop a patent that was granted on July 1, 2018. Legal fees and other costs during 2018 associated with registration of the patent totaled $27,000. Expenditures for successful litigation in defense of the patent totaling $8,700 were paid on November 1, 2018. Cao estimates that the useful life of the patent will be 10 years. 2. A trademark was purchased from Jian Company for $24,000 on January 1, 2015. Cao estimates that the useful life of the trademark will be 20 years from the date of acquisition 3. On January 1, 2018, Cao signed an agreement to operate as a franchisee of ATK Ltd. for an initial franchise fee of $150,000. Of this amount, $30,000 was paid when the agreement was signed, and the balance is payable in 6 annual payments of $20,000 each, beginning January 1, 2019. 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, 2018, of the 6 annual payments discounted at 12% (the implicit rate for a loan of this type) is $82,228. The agreement also provides that 8% of the revenue from the franchise must be paid to the franchisor annually. Cao's revenue from the franchise for 2018 was $600,000. Cao estimates the useful life of the franchise to be 12 years. (Hint: You may want to refer to Appendix 18A to determine the proper accounting treatment for the franchise fee and payments.) Instructions (a) Prepare a schedule showing the intangible assets section of Cao's balance sheet at December 31, 2018. Show supporting computations in good form. (b) Prepare a schedule showing all expenses resulting from the transactions that would appear on Cao's income statement for the year ended December 31, 2018. Show supporting computations in good form