The intangible assets section of Cheyenne Corporation's balance sheet at December 31,2022 , is presented here. The patent was acquitid 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 $45,000 legal costs to successfully defend the patent against infringement by another company. Jan.- June Developed a new product, incurring $232,000 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 $51,500 to a quarterback to appear in commercials advertising the company's products. The commercials will air in September and October. Oct. 1 Acquired a copyright for $297,000. The copyright has a useful life and legal life of 50 years. Prepare a tabular summary that includes the intangible asset balances as of December 31, 2022. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)