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Problem 9-5A (Part Level Submission) The intangible assets section of Bramble Corporation's balance sheet at December 31, 2017, is presented here. Patents ($89,300 cost less $8,930 amortization) $80,370 Copyrights (s50,000 cost less $35,000 amortization) 15,000 Total $95,370 assets durino quired in January 2017 and has a useful life of 10 years. The copyright was acquired in January 2011 and also has a useful life of 10 years. The following cash transactions may have affected intangible 2 Paid $54.000 legal cOsts to successfully defend the patent agalnst 9 A patent was granted for the product on July 1, and its useful life is equal to its legal life. Legal and other costs for the The patent Jan. infringement by another company h and developm Jan,- June Develoned roduct, incurrina $236,000 in res patent were $40,000 1 Paid $52.500 to quarterback to appear in commercials advertising the company's products. The commercials will r in September and October Sept. 1 Acquired a copyright for $262,000. The copyright has a useful life and legal life of s0 years. Oct. Prepare journal entries to record the 2018 amortization expense for intangible assets. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Date Dec. 31 Amortization Expense 15930 Patents 15930 (To record amortization of patents) Dec. 31 Amortization Expense 6310 Copyrights 6310 (To record amortization of copyrights) (c) Prepare the intangible assets section of the balance sheet tDecember 31, 2018 Bramble Corporation Balance Sheet (Partial) For the Year Ended December 31, 2018 Total Intangible Assets Patents Copyrights Total Intangible Assets Open Show work Click if vou would like to Show Work for this