Computing and Reporting the Acquisition and Amortization of Three Different Intangible Assets $[$LO$9-6]10$polntseBookReferencesKreiser Company had three intangible assets at the end of the current year:$*$ A patent was purchased from J$.$ Miller on January $1$ for a cash cost of $$5,715.$ When purchased, the patent had an estimated life of$*$ A trademark was registered with the federal government for $$15,000.$ Management estimated that the trademark could be worth as much as $$200,000$ because it has an indefinite life.$*$ On January $1,$ computer licencing rights were purchased for $$62,000.$ The rights are expected to have a four$-$year useful life to the company Required:$1.$ Compute the acquisition cost of each intangible asset$2$ Compute the amortization of each intangible for the year that ended on December $31\mathrm{.}3.$ Show how these assets and any related expenses should be reported on the balance sheet and income statement for the current year.Partial Income Statement for the current year:??Partial Balance Sheet at December $31$:$???$