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J.P. Wynne Corporation had the following transactions: . January 1st, 2020, Incurred research costs of $100,000 and development costs of $75,000. A marketable product has

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J.P. Wynne Corporation had the following transactions: . January 1st, 2020, Incurred research costs of $100,000 and development costs of $75,000. A marketable product has been identified and production will commence in the near future. The product is expected to have a useful life of 8 years. . April 1st, 2020, Acquired a franchise for $100,000. The franchise agreement expires on March 31st, 2030. . August 1 st, 2020, Acquired a patent for $15,000. The patent has an estimated useful life of ten years and a legal life of 20 years. . December 1st, 2020, Acquired another company and recorded goodwill of $50,000 as part of the purchase. December 31st, 2020, Recorded annual amortization. Tested the intangible assets for impairment. Recoverable amounts exceeded carrying amounts in all cases. Also tested goodwill and determined that it had a recoverable amount of $55,000. What amounts that would be presented on the Balance Sheet (Statement of Financial Position) at December 31, 2020. Please round any numbers to a whole number. Please DO NOT include items that should be on the income statement. If the balance is zero (nil) please place a 0 in the box below. Amount in the Related Amount in the Account Account Accumulated Amortization Net amount on the SFP account, on the SFP, if applicable Research Development Franchise Patent Goodwill

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