Information concerning Richard Siu Ltd., which trades on the TSX Venture Exchange, is as follows: 1. On January 1, 2020, Siu signed an agreement to operate as a franchisee of Rapid Copy Service, Inc. for an initial franchise fee of $78,000. The agreement provided that the down payment was not refundable and no future services were required of the franchisor. The agreement also provided that 15% of the revenue from the franchise must be paid to the franchisor annually. Siu's revenue from the franchise for the current year was $800,000. Siu estimated the useful life of the franchise to be 10 years. 2. Siu incurred $79,000 of costs to advertise the new opening of Rapid Copy Service and $10,000 of training costs for its new employees. As indicated in #1 above, the franchise is estimated to have a useful life of 10 years but management believes that the advertising will bring in new customers only for the next 2 years and employees will likely continue working with the company for 3 years. 3. Siu incurred $65,000 of experimental research costs in its laboratory to develop a patent that was granted on January 2, 2020. Legal fees and other costs associated with registration of the patent totaled $13,200. Siu estimates that the useful life of the patent will be eight years. 4. A trademark was purchased from Calgary Company for $32,000 on July 2, 2017. Expenditures for successful litigation in defence of the trademark totaling $8,000 were paid on July 1, 2020. Siu estimated the useful life of the trademark would be 20 years from the date of acquisition. In all applicable cases, Siu uses the straight-line method of amortization. Required: (A) Prepare a schedule showing the intangibles section of Siu's balance sheet at December 31 of the current year. Show supporting computations in good form. (B) Prepare a schedule showing all expenses resulting from the foregoing information that will appear on Siu's income statement for the current year ended December 31. Show supporting computations in good form