please write eact step so the students can study from it

Shamrock Industries acquired two copyrights during 2025. One copyright related to a textbook that was developed internally at a cost of $13,000. This textbook is estimated to have a useful life of 5 years from September 1,2025 , the date it was published. The second copyright (a history research textbook) was purchased from University Press on December 1, 2025, for $43,000. This textbook has an indefinite useful life. How should these two copyrights be reported on Shamrock's balance sheet as of December 31, 2025? Copyright No. 1 Copyright No. 2