Current Attempt in Progress Blue Enterprises has a December 31 fiscal year end and uses straight-line amortization to the nearest month for its finite- life intangible assets. The company has provided you with the following information related to its intangible assets and goodwill during 2020 and 2021: 2020 Jan. 9 May 15 Dec. 31 Dec. 31 Purchased a patent with an estimated useful life of 5 years and a legal life of 20 years for $45,000 cash. Purchased another company and recorded goodwill of $460,000 as part of the purchase. Recorded adjusting entries as required for amortization. Tested assets for impairment and determined the patent and the goodwill's recoverable amounts were $40,000 and $414,000, respectively. 2021 Jan. 2 Mar. 31 Apr. 1 July 1 Dec. 31 Incurred legal fees of $22,000 to successfully defend the patent. Incurred research costs of $167,000. Purchased a copyright for $54,000 cash. The company expects the copyright will benefit the company for 10 years. Purchased a trademark with an indefinite expected life for $230,000 cash. Recorded adjusting entries as required for amortization.