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Question 2 Teal Mountain Industries acquired two copyrights during 2017. One copyright related to a textbook that was developed internally at a cost of $20,000. This textbook is estimated to have a useful life of 5 years from September 1, 2017, the date it was published The second copyright (a history research textbook) was purchased from University Press on December 1, 2017, for $25,000. This textbook has an indefinite useful life. How should these two copyrights be reported on Teal Mountain's balance sheet as of December 31, 2017? Copyright No. 1 Should be reported on Balance Sheet Copyright No. 2 Should be reported on Balance Sheet Click if you would like to Show Work for this question: Open Show Work