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Lake Company, organized in 2020, has the following transactions related to intangible assets in that year. Lake Company uses the calendar year for financial reporting.

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Lake Company, organized in 2020, has the following transactions related to intangible assets in that year. Lake Company uses the calendar year for financial reporting. Enter your answers below in whole dollars without a $ sign (e.g. xxx). a. How much expense will Lake Company recognize in 2020 due to the purchased patent? b. How much expense will Lake Company recognize in 2020 due to the purchased trademarks? c. How much expense will Lake Company recognize in 2020 due to the purchased copyright? d. How much expense will Lake Company recognize in 2020 due to its Research and development? e. Based on the above, what is the net book value of total intangible assets that Lake Company's balance, sheet will show on Dec. 31,2020

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