Munn Inc. reported other noncurrent asset account balances on December 31, 2020, as follows. Patent.... Accumulated amortization .. Net patent. ..... $192,000 (24,000) $168,000 ....................................... Transactions during 2021 and other information relating to Munn's other noncurrent assets include the following. a. The patent was purchased from Grey Company on January 2, 2019, when the remaining legal life was 16 years. On January 1, 2021, Munn determined that the remaining useful life of the patent was only eight years from the date of its acquisition. b. On January 1, 2021, in connection with the purchase of a trademark from Cody Corp., the parties entered into a noncompetition agreement. Munn paid Cody $800,000, of which 75% related to the trademark and 25% reflected Cody's agreement not to compete for a period of five years in the line of business covered by the trademark. Munn considers the life of the trademark to be indefinite. c. On January 1, 2021, Munn acquired all the noncash assets and assumed all liabilities of Amboy Company at a cash purchase price of $1,200,000. Munn determined that the fair value of the identifiable net assets ac- quired in the transaction is $800,000. d. Munn incurred the following research and development costs in 2021. ..... Salaries and related expenses related to the development of patents........ Supplies ..... Allocated facility costs ............................................ $125,000 15,000 20,000 .... Required a. Prepare a schedule of amortization for 2021 relating to Munn's intangible assets assuming straight-line amortization. Prepare the balance sheet presentation of intangible assets for Munn on December 31, 2021, and the income statement presentation for the year ended December 31, 2021. b