Weselton Company acquired each of the following intangible assets on 1/1/2022. On December 31, 2022, the management estimated future cash flows and fair value related to each asset as follows. Assume zero residual value of the asset and use the straight-line method for amortization, if applicable. Asset Patent Trademark A. Purchase Price: 1/1/2022 Original Useful Life $80,000 $50,000 10 years N/A Expected Future Cash Flows (undiscounted) $60,000 $45,000 Fair Value of the Asset $52,000 $40,000 Classify each of the intangible assets above as a finite-life intangible or an indefinite-life intangible. Trademark: Patent: B. C. Compute the carrying value of each asset (i.e., net book value) before impairment at the end of 2022. Patent: Trademark: Show the recoverability test (1st step) and determine whether the asset is impaired. If the recoverability test (1st step) is not required, please indicate. Patent: Trademark: D. Determine the impairment loss for each asset (2nd step). E. Patent: Trademark: Determine the new carrying value of each asset after impairment at the end of 2022. Patent: Trademark: