Gaylord Research, Inc., has the following intangible assets: Expected Useful Asset Cost Date Purchased or Legal Life Goodwill eee ree de cn eee $ 16,000 January 1, 1994 20 years Patents sorties ci ase omnes se Pome 136,000 January 1, 1996 17 years FranchiS@yd sade ethene Sucre bey totaal 180,000 January 1, 1997 10 years ——————————— 1. Record the amortization expense for each of these intangible assets for 2003. 2. Prepare the intangible assets section of the balance sheet for Gaylord Research, Inc., as of December 31, 2003.