The intangible assets section of Ayayai Corporations balance sheet at December 31, 2022, is presented here.

Patents ($70,000 cost less $6,000 amortization)		$64,000
Copyrights ($36,000 cost less $26,000 amortization)		10,000
Total		$74,000

The patent was acquired in January 2022 and has a useful life of 10 years. The copyright was acquired in January 2016 and also has a useful life of 10 years. The following cash transactions may have affected intangible assets during 2023.

Jan.	2		Paid $27,000 legal costs to successfully defend the patent against infringement by another company.
Jan.	June		Developed a new product, incurring $231,000 in research and development costs. A patent was granted for the product on July 1, and its useful life is equal to its legal life. Legal and other costs for the patent were $10,000.
Sept.	1		Paid $40,000 to a quarterback to appear in commercials advertising the companys products. The commercials will air in September and October.
Oct.	1		Acquired a copyright for $201,000. The copyright has a useful life and legal life of 50 years.

Question:

Prepare the intangible assets section of the balance sheet at December 31, 2023.

Ayayai Corporation Balance Sheet (Partial) choose an accounting period December 31, 2023For the Month Ended December 31, 2023For the Year Ended December 31, 2023
enter a balance sheet item					$enter a dollar amount
enter a balance sheet item					enter a dollar amount
select a closing name for subsection one Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity					$enter a total amount for this section