The intangible assets and goodwill reported by Oriole Corporation at December 31, 2020, follow: $36,600 18,300 Copyrights (#1) Less: Accumulated amortization Trademarks Goodwill Total $ 18,300 50,110 122,680 $191,090 A copyright (91) was acquired on January 1, 2019, and has a useful life of four years. The trademarks were acquired on January 1, 2017, and are expected to have an indehnte life. The company has a December 31 year end and prepares adjusting journal entries annually. Jan. 5 1 The following cash transactions may have affected intangible assets and goodwill during 20213 Paid $6.780 in legal conts to successfully defend the trademarks against infringement by another company, July Developed a new product, incurring $220.250 in research and $52,100 in development costs with probable future benefits. The product is expected to have a useful life of 20 years. Sept. Pald $55.050 to a popular hockey player to appear in commercials advertising the company's products. The commercials will air in early September Oct Acquired another copyright (2) for $162,000. The new copyright has a useful life of six years. Determined the fair value of the goodwill to be $86,260. There was no indication that the copyrights or trademarks were impaired 1 1 Dec 31 Show the presentation of the intangible assets and goodwill on the statement of financial position at December 31, 2021. (List Intangible assets in order of Finite Life Intangible Assets and Indefinite-life Intangible Assets. Record Development Costs before Copyrights.) ORIOLE CORPORATION Statement of Financial Position (Partial) Assets Intangible assets: $