The following is selected information for Sandhill Compary. Answer the questions asked about each of the factualsituations. (Do not leave amy answer field blank Enter 0 for amounts) 1. Sandhill purchased a patent from Vania Co, for $1,190,000 on January 1, 2023. The patent is being amortixed overits remaining legallife of 10 years, cxpiring on January 1, 2033. During 2025, Sandhill determined that the economic benefits of the patent world not last longer than 6 years from the date of acquisition. What amount should be reported in the balance sheet for the patent. net of accumulated amortization, at December 31,2025 ? The amount to be reported 2. Sandhill bought a franchise from Alexander Co, on January 1,2024, for $345,000. The carrying amount of the franchise on Alexander's books on January 1, 2024, was $345,000. The franchise agreement had an estimated useful life of 30 years. Because Sandhili must enter a competitive bidding at the end of 2026 , it is unlikely that the franchise wil be retained beyond 2033. What amount should be amortized for the year ended December 31,2025 ? The amount to be amartized 3. On January 1. 2025, Sandhill incurred organization costs of \$272,500. What amount of organization expense should be reported in 2025? The amount to be reported 4. Sandhill purchased the license for distribution of a popular consumer product on January 1,2025, for $149,000. 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 gaying a toiniral fee, Sandhill can renew the license indefinitely for successive 5 -year terms. What amount should be amortized for the year ended December 31, 2025? The amount to be amortized