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Patrick Corporations adjusted trial balance contained the following asset accounts at December 31, 2014: Prepaid Rent $14,170; Goodwill $50,540; Franchise Fees Receivable $4,270; Franchises $48,770;
Patrick Corporations adjusted trial balance contained the following asset accounts at December 31, 2014: Prepaid Rent $14,170; Goodwill $50,540; Franchise Fees Receivable $4,270; Franchises $48,770; Patents $36,890; Trademarks $12,050. Prepare the intangible assets section of the balance sheet.
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