The intangible assets and goodwill reported by Blossom Corporation at December 31,2020 , follow: A copyright (\#1) was acquired on January 1,2019, and has a usefull life of four years. The trademarks were acquired on January 1 , 2017, and are expected to have an indefinite life. The company has a December 31 year end and prepares adjusting journal entries annually. The following cash transactions may have affected intangible assets and goodwill during 2021 : Jan. 5 Paid $6,590 in legal costs to successfully defend the trademarks against infringement by another company. Sept. 1 Paid $57,100 to a popular hockey player to appear in com in 20 years. commercials will air in early September. Dec. 31 Determined the fair value of the gooch the copyright has a useful life of six years. trademarks were impaired. Intangible assets