On January 1, Year 1, the Valic Company purchased a copyright for $12,000. Valic estimated the remaining useful life of the copyright to be 6 years. Which of the following correctly shows the effect of Valic's purchase of the copyright on the financial statements? Income Statement Expense Net Income Assets = +/ = Balance Sheet Stockholders' Liabilities + Equity n/a + n/a + + n/a n/a Revenue + n/a A. B. C. + +/- Statement of Cash + FA - IA - IA - OA n/a n/a n/a n/a + n/a n/a n/a n/a D. + + + Multiple Choice Option C O O Option D O O Option A