Oriole Corporation has the following accounts included in its December 31, 2020, trial balance: Equity Investments (to be sold in the next 6 months) $23,200, Goodwill $156,400, Prepaid Insurance $13,100, Patents $229,700, and Franchises $111,500.

Prepare the intangible assets section of the balance sheet.

ORIOLE CORPORATION

Balance Sheet (partial)

choose the accounting period

December 31, 2020

select an opening section name

enter a balance sheet item

$enter a dollar amount

enter a balance sheet item

enter a dollar amount

enter a balance sheet item

enter a dollar amount

select a closing section name

$enter a total amount for this section