The intangible assets section of Monty Corporation's balance sheet at December 31, 2025, is presented here. Patents ($58,800 cost less $5,880 amortization) $52,920 Copyrights ($35,280 cost less $24,696 amortization) 10,584 Total $63,504 The patent was acquired in January 2025 and has a useful life of 10 years. The copyright was acquired in January 2019 and also has a useful life of 10 years. The following cash transactions may have affected intangible assets during 2026. Jan. 21 Jan-June Sept. 1 Oct. 1 Paid $45,864 legal costs to successfully defend the patent against infringement by another company. Developed a new product, incurring $225,400 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 $19,200. Paid $39,200 to a quarterback to appear in commercials advertising the company's products. The commercials will air in September and October. Acquired a copyright for $198,000. The copyright has a useful life and legal life of 50 years.