The intangible assets section of Pina Corporation's balance sheet at December 31, 2022 is presented here: $65.970 Patents ($73,300 cost less $7,330 amortization) Copyrights ($57,000 cost less $39.900 amortization) Total 17.100 $83,070 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 Jan.- June Paid $54,000 legal costs to successfully defend the patent against infringement by another company. Developed a new product, incurring $241,500 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 $20,000. Pald $68,000 to a quarterback to appear in commercials advertising the company's products. The commercials will air in September and October Acquired a copyright for $275,000 The copyright has a useful life and legal life of 50 years. Sept. 1 Oct. 1 Prepare the intangible assets section of the balance sheet at December 31, 2023. Pina Corporation Balance Sheet (Partial) $ $