Presented below is selected information for Oriole Company.

Answer the questions asked about each of the factual situations. $($Do not leave any answer field blank. Enter $0$ for amounts.$)$

Oriole purchased a patent from Vania Co$.$ for $$1,140,000$ on January $1,2020.$ The patent is being amortized over its remaining legal life of $10$ years, expiring on January $1,2030.$ During $2022,$ Oriole determined that the economic benefits of the patent would not last longer than $6$ years from the date of acquisition. What amount should be reported in the statement of financial position for the patent, net of accumulated amortization, at December $31,2022?$

The amount to be reported $

$2.$ Oriole bought a franchise from Dougherty Co$.$ on January $1,2021,$ for $$320,000.$ The franchise agreement had an estimated useful life of $30$ years. Because Oriole must enter a competitive bidding at the end of $2030,$ it is unlikely that the franchise will be retained beyond $2030.$ What amount should be amortized for the year ended December $31,2022?$

The amount to be amortized $

$3.$ On January $1,2020,$ Oriole incurred organization costs of $$260,000.$ What amount of organization expense should be reported in $2022?$

The amount to be reported $

$4.$ Oriole purchased the license for distribution of a popular consumer product on January $1,2022,$ for $$144,000.$ It is expected that this product will generate cash flows for an indefinite period of time. The license has an initial term of $5$ years but by paying a nominal fee, Oriole can renew the license indefinitely for successive $5-$year terms. What amount should be amortized for the year ended December $31,2022?$

The amount to be amortized $