Marshall Company, organized in 2024, has set up a single account for all intangible assets. The following summary discloses the debit entries that have been recorded during 2025. 1/2/25 Purchased patent (8-year life) 4/1/25 Purchase goodwill (indefinite life) 7/1/25 Purchased franchise with 10-year life; expiration date 7/1/35 8/1/25 Payment of copyright (5-year life) 9/1/25 Research and development costs $350,000 360,000 450,000 156,000 215,000 $1,531,000

USING STRAIGHT-LINE AMORTIZATION, REFLECT ALL BALANCES ACCURATELY AS OF DECEMBER 31, 2025

Marshall Company, organized in 2024, has set up a single account for all intangible assets. The following summary discloses the debit entries that have been recorded during 2025 . Reflect all balances accurately as of December 31, 2025