Please explain step by step.

Shamrock Industries acquired two copyrights during 2017. One copyright related to a textbook that was developed internally at a cost of $16, 500. This textbook is estimated to have a useful life of 5 years from September 1, 2017, the date it was published. The second copyright (a history research textbook) was purchased from University Press on December 1, 2017, for $30,000. This textbook has an indefinite useful life. How should these two copyrights be reported on Shamrock's balance sheet as of December 31, 2017? Copyright No. 1 $ __________ __________ Copyright No. 2 $ __________ __________