Trotman Company had three intangble assets at the and of 2016 (end of the accounting year s. Computer software and Web development technology purchased on January 1, 2015, for $77,000. The technology is expected to have a four-year useful life to the company b. A patent purchased from lan Zimmer on January 1, 2016, for a cash oost of S9,000. Zimmer had rogistered the patont with the U.S. Patent Office five years ago c. Atrademark purchased for $33,000 on November 1, 2016. Management decided the trademark has an indefinite life. Required: 1. Compute the acquisition cost of each intangible asset Patent Trademark 2. Compute the amortization af each intangible at December 31, 2016. The company does not use contra-accounts. (Assume the company uses straight-line method.) (Do not round your intermediate calculations.) Patent rademark 3. Show how these assets and any related expenses should be reported on the balance sheet and income statement for 2016. Income Statement for 2016 0 Balance Sheet ntangibles