Sheridan Company has provided information on intangible assets as follows. A patent was purchased from Skysong Company for $1,700,000 on January 1, 2024. Sheridan estimated the remaining useful life of the patent to be 10 years. The patent was carried in Skysong's accounting records at a net book value of $1,700,000 when Skysong sold it to Sheridan. During 2025, a franchise was purchased from Concord Company for $520,000. In addition, 5% of revenue from the franchise must be paid to Concord. Revenue from the franchise for 2025 was $2,390,000. Sheridan estimates the useful life of the franchise to be 10 years and takes a full year's amortization in the year of purchase. Sheridan incurred research and development costs in 2025 as follows. Sheridan estimates that these costs will be recouped by December 31, 2028. The materials and equipment purchased have no alternative uses. On January 1, 2025, because of recent events in the field, Sheridan estimates that the remaining life of the patent purchased on January 1,2024, is only 5 years from January 1,2025. (a) Prepare a schedule showing the intangibles section of Sheridan's balance sheet at December 31, 2025. (Enter account name only and do not provide descriptive information.)