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On September 30, 2018, Morgan, Inc. acquired all of the outstanding common stock of Pathways, Inc., for $100 million. In addition to tangible assets, Morgan

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On September 30, 2018, Morgan, Inc. acquired all of the outstanding common stock of Pathways, Inc., for $100 million. In addition to tangible assets, Morgan recorded the following assets as a result of the acquisition: Patent 7.08 million 4.08 million 2.09 mi11io 7.09 ni11ion Developed technology In-process researeh & development Goodvwill points Morgan's policy is to amortize intangible assets using the straight-line method, no residual value, and a sik-year useful life. Print Required What ls the total amount of expenses that would appear in Morgan's income statement for the year ended December 31, 2018, related to these items? (Enter your answers In whole dollars not in millions (i.e, 1,000,000 not 1.0))

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