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13 At the beginning of the year. Big Time Tires acquired a patent for $330,000. and a trademark for $310,000. Big Time Tire's policy' is to amortize intangible assets with nite useful lives using the straight-line method, no residual value. and a four-year service life. What is the total amount of amortization expense that would appear in Big Time Tire's income statement for the rst year related to these items? 16 Allied Construction and Axis Construction reported the following information in their annual nancial statements [$ in millions): Allied Construction 2021 2020 Sales $51,000 $42,000 net income 3,500 3,300 Total assets 27,000 23,000 P Axis Construction 2021 202\" Sales $87,000 $T4.00D Net income 3,900 4,400 Total assets 55,000 61,000 Required: 1. Calculate Allied Co nstruction's return on assets. prot margin, and asset turnover ratio for 2021. {Do not round your intermediate calculations. Round your answers to 2 decimal places.) Prot margin Asset lumtwer 16 2. Calculate Axis Construction's return on assets, prot ma rgin. and asset turnover ratio for 2021. [Do not round your intermediate calculations. Round your answers to 2 decimal places.) Return on assets Prot margin Assethimover 3-3. Which companyr has the better prot margin? 0 Allied 0 Axis