The Intangible assets and goodwill reported by Carla Vista Company at December 31, 2020, Follow:

Problem 9-11A The intangible assets and goodwill reported by Carla Vista Company at December 31, 2020, follow: $ 86,000 Patent #1 Less: Accumulated amortization Copyright #1 Less: Accumulated amortization Goodwill Total $ 107,500 21,500 47,400 28,440 18,960 219,000 $ 323,960 Patent #1 was acquired in January 2019 and has an estimated useful life of 10 years. Copyright #1 was acquired in January 2012 and also has an estimated useful life of 10 years. The following cash transactions may have affected intangible assets and goodwill during the year 2021 Jan. 2 June 30 Paid $31,200 of legal costs to successfully defend Patent #1 against infringement by another company. Developed a new product, incurring $184,000 in research costs and $57,120 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. Paid $12,400 to an Olympic athlete to appear in commercials advertising the company's products. The commercials will air in September. Acquired a second copyright for $18,960 cash. Copyright #2 has an estimated useful life of six years. Sept. 1 Oct. 1 Your answer is partially correct. Try again. Record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Record journal entries in the order presented in the problem.) Your answer is partially correct. Try again. Prepare any adjusting journal entries required at December 31, 2021, the company's year end, and update the account balances. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Amortization Expense 2856 2856 T Accumulated Amortizat (To record amortization on patents.) Dec. 31 Amortization Expense Accumulated Amortization (To record amortization on copyrights.) Your answer is partially correct. Try again. Show how the intangible assets and goodwill will be reported on the balance sheet at December 31, 2021. (List Intangible Assets in order of Patents and copyrights.) CARLA VISTA COMPANY (Partial) Balance Sheet December 31, 2021 Assets Intangible Assets Patents Less 1. Accumulated Amortization Copyrights Less Accumulated Amortization Total Intangible Assets