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These are selected 2022 transactions for Flounder Corporation: Jan. 1 Purchased a copyright for $110,750. The copyright has a useful life of 5 years and

These are selected 2022 transactions for Flounder Corporation:

Jan. 1 Purchased a copyright for $110,750. The copyright has a useful life of 5 years and a remaining legal life of 33 years.

Mar. 1 Purchased a patent with an estimated useful life of 6 years and a legal life of 20 years for $138,600.

Sept. 1 Purchased a small company and recorded goodwill of $153,350. Its useful life is indefinite.

Indicate the amount of amortization expense on December 31, 2022, for Flounder Corporation.

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