The intangible assets and goodwill reported by Blossom Company at December 31.2023, follow: Patent A 1 was acquired in January 2022 and has an estimated useful life of 10 years. Copyright \#1 was acquired in January 2018 and also has at estimated useful life of 10 years. The following cash transactions may have affected intangible assets and goodwill during the year 2024: Jan.2 Paid $33,600 of legai costs to successfully defend Patent \#1 against infringement by another company. June 30 Developed a new product, incurring $187,000 in research costs and $58,560 in development costs, which were paid in cash. The development costs were directly related to Patent \#2, which was granted for the product on July 1 . Its estimated useful life is equal to its legal life of 20 years. Sept. 1. Paid $12.700 to an Olympic athlete to appear in commercials advertising the company's products. The commercials will air in September. Oct. 1 Acquired a second copyright for $19,680 cash. Copyright \#\#2 has an estimated useful life of six years. The intangible assets and goodwill reported by Blossom Company at December 31.2023, follow: Patent A 1 was acquired in January 2022 and has an estimated useful life of 10 years. Copyright \#1 was acquired in January 2018 and also has at estimated useful life of 10 years. The following cash transactions may have affected intangible assets and goodwill during the year 2024: Jan.2 Paid $33,600 of legai costs to successfully defend Patent \#1 against infringement by another company. June 30 Developed a new product, incurring $187,000 in research costs and $58,560 in development costs, which were paid in cash. The development costs were directly related to Patent \#2, which was granted for the product on July 1 . Its estimated useful life is equal to its legal life of 20 years. Sept. 1. Paid $12.700 to an Olympic athlete to appear in commercials advertising the company's products. The commercials will air in September. Oct. 1 Acquired a second copyright for $19,680 cash. Copyright \#\#2 has an estimated useful life of six years