SPM Co. was organized in 2016. Its accounting records include only one account for all intangibles assets. The following is a summary of the debit entries that have been recorded and posted during 2016 and 2017. July 1, 2016 8-year franchise, expires June 30, 126,000 2024 Oct 1, 2016 Advance payment on leasehold 84,000 (term of lease is 2 years) Dec 31, 2016 Net loss for 2016 including 48,000 incorporation fee, Php3,000, and related legal fees of organization, Php15,000 (all fees incurred in 2016) January 2, 2017 Acquired patent(10-year life) 222,000 March 1, 2017 Cost of developing a secret 225,000 formula2 April 1, 2017 Goodwill purchased 835,200 July 1, 2017 Legal fee for successful defense of 37,950 the patent purchased above Oct 1, 2017 Research and development costs 480,000 Ignore Income Tax Effect. a. C. The amortization patent cost of December 31, 2017 should be? (3pts) b. The unamortized franchise cost of December 31, 2017, should be? (3pts) The amount of prepaid rent to be reported in SPM Co. on December 31, 2017, statement of financial position is? (3pts) d. The adjusting entries on December 31, 2017, should include a net debit to the retained earnings account of? (3pts) As a result of the adjustments at December 31, 2017, the total charges against SPM Co. in 2017 income should be? (3pts) e