Gaylord Research, Inc., has the following intangible assets:

\begin{tabular}{|c|c|c|c|}

\hline Asset & Cost & Date Purchased & \begin{tabular}{l}

Expected Useful \\

or Legal Life

\end{tabular} \\

\hline Goodwill. & $\$ 16,000$ & January 1, 1991 & 40 years \\

\hline Patent. . . . . . . . . . . . . . . . . . . . . & 136,000 & January 1, 1993 & 17 years \\

\hline Franchise & 180,000 & January 1, 1994 & 10 years \\

\hline

\end{tabular}

1. Record the amortization expense for each of these intangible assets for 2000 .

2. Prepare the intangible assets section of the balance sheet for Gaylord Research, Inc., as of December 31, 2000.