What is the answer for the red box? I can not figure it out, I have tried $9600 and $12800. Please help me!

Your answer is partially correct. Try again. Splish Brothers Industries acquired two copyrights during 2017. One copyright related to a textbook that was developed internally at a cost of $12,800. This textbook is estimated to have a useful life of 4 years from September 1, 2017, the date it was published. The second copyright (a history rescarch textbook) was purchased from University Press on December 1, 2017, for $46,000. This textbook has an indefinite useful life. How should these two copyrights be reported on Splish Brothers's balance sheet as of December 31, 2017? Copyright No. 1 12800Should not be reported on Balance Sheet Copyright No. 2 46000 Should be reported on Balance Sheet