E12.2 (LO 1, 2) (Classification Issues-Intangibles) Presented below is selected information re- lated to Martin Burke Inc. at year-end. All these accounts have debit balances. Cable television franchises Music copyrights Research and development costs Goodwill Cash Discount on notes payable Accounts receivable Property, plant, and equipment Internet domain name Instructions Film contract rights Customer lists Prepaid expenses Covenants not to compete Brand names Notes receivable Investments in affiliated companies Organization costs Land Identify which items should be classified as an intangible asset. For those items not classified as an intan- gible asset, indicate where they would be reported in the financial statements.