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These are selected 2017 transactions for Bridgeport Corporation: Jan. 1 Purchased a copyright for $89,250. The copyright has a useful life of 5 years and a remaining legal life of 30 years. Mar. 1 Purchased a patent with an estimated useful life of 6 years and a legal life of 25 years for $121,320. Sept. 1 Purchased a small company and recorded goodwill of $154,100. Its useful life is indefinite. Indicate the amount of amortization expense on December 31, 2017, for Bridgeport Corporation. X Amortization expense 17850 Click if you would like to Show Work for this question: Open Show WorkShown below is a tabular summary relating to equipment that was purchased for cash by a company on the rst day of the current year. The equipment was depreciated on a straight-line basis with an estimated useful life of 10 years and a salvage value of $100. Part of the equipment was sold on the last day of the current year for cash proceeds. Use the information in the tabular summary to derive the missing amounts: (a) Purchase of equipment on January 1. What was the cash paid? (b) Depreciation recorded on December 31. What was the depreciation expense? (c) Sale of part of the equipment on December 31. What was the gain on disposal? (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets = Liabilities + stockholders' Equity Retalned Earnlngs Cash + Equipment - Accum.Depr.-Equip. = + Common Stock 1- Revenue - Expense - Dividend Jan. 1 $1,100 III Dec. 31 $100 0!) $ Dec. 31 474 -432 30 click if you would like to Show Work for this question: Qpen Show Work