The questions and relevant information are in the picture attached. Thank you. ?

As a member of the audit team for the audit of BODYSHOTS COMPANY's financial statements for the year ended December 31,2020 have been asked to examine selected accounts. The controller for the BODYSHOTS mentions that there is only one account shown below kept for intangible assets. INTANGIBLE ASSETS Debit Credit Balance Feb. 1 Organizing costs P 83,000 P 83,000 Mar 2 Research and development cost 2,100,000 2,183,000 April 3 Legal costs to obtain patent 260,000 2,443,000 May 1 Payment of 24 months' rent on property leased by BODYSHOTS 720,000 3,163,000 Jun 15 Promotional expenses related to start 323,000 3,486,000 up of business Dec. 31 Unamortized expenses bond discount 200,000 3,686,000 on bonds due December 31,2011 Dec.31 Operating losses for the first year 500,000 4,186,000 1. The amount of organization expenses to be reported in BODYSHOTS's income statement for the year ended December 31,2020 is 2. What is the carrying value of the patent at December 31,2020 assuming that useful life is 15 years? 3. What is the prepaid rent to be shown on BODYSHOTS statement financial position at December 31,2020