Information for Swifty Corporations intangible assets follows:

1.		On January 1, 2020, Swifty signed an agreement to operate as a franchisee of Copy Service Inc., for an initial franchise fee of $75,000. Of this amount, $32,000 was paid when the agreement was signed and the balance is payable in four annual payments of $10,750 each, beginning January 1, 2022. 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, 2020, of the four annual payments discounted at 7% (the implicit rate for a loan of this type) is $36,413. The agreement also provides that 3% of the franchisees revenue must be paid to the franchisor each year. The franchisor requires that Swifty provide it with some form of assurance verifying the revenue amount used to determine the 3% payment. Swiftys revenue from the franchise for 2020 was $830,000. Swifty estimates that the franchises useful life will be 10 years.
2.		Swifty incurred $45,000 in experimental costs in its laboratory to develop a patent, and the patent was granted on January 2, 2020. Legal fees and other costs of patent registration totalled $13,400. Swifty estimates that the useful life of the patent will be 5 years.
3.		A trademark was purchased from Shanghai Company for $28,300 on July 1, 2017. The legal costs to successfully defend the trademark totalled $8,160 and were paid on July 1, 2020. Swifty estimates that the trademarks useful life will be 16 years from the acquisition date.

Assume that Swifty reports using ASPE

(a) Prepare a schedule showing the intangible assets section of Swiftys statement of financial position at December 31, 2020. (Round answers to 0 decimal places, e.g. 5,275. Enter account name only and do not provide descriptive information.)