Purchased goodwill should O be written off by systematic charges as a regular operating expense over the period benefited. O be written off as soon as possible against retained earnings. O not be amortized. O be written off as soon as possible as an extraordinary item. Oriole Corporation has the following account balances at 12/31/21: Amortization expense $15500 Goodwill 271000 Patent, net of $55500 amortization 151000 What amount should Oriole report for intangible assets on the 12/31/21 balance sheet? O $151000 O $437500 $215500 $422000