pls answer part b

Prepare a schedule showing the intangible assets section of Martinez's statement of financial position at December 31, 2023. (Round answers to 0 decimal places, e.g. 5,275. Enter account name only and do not provide descriptive information.) Compute the total amount of expenses resulting from the transactions that would appear on Martinez's income statement for the year ended December 31, 2023. (Round answer to 0 decimal places, e.g. 5,275.) Total expenses from transactions $ Information for Martinez Corporation's intangible assets follows: 1. On January 1, 2023, Martinez signed an agreement to operate as a franchisee of Copy Service Inc., for an initial franchise fee of $75,000. Of this amount, $39,000 was paid when the agreement was signed and the balance is payable in four annual payments of $9,000 each, beginning January 1,2024 . The agreement states that the down payment is not refundable and no future services are required of the franchisor. The present value at January 1,2023, of the four annual payments discounted at 7% (the implicit rate for a loan of this type) is $30,485. The agreement also states that 4% of the franchisee's revenue must be paid to the franchisor each year. The franchisor requires that Martinez provide it with some form of assurance verifying the revenue amount used to determine the 4% payment. Martinez's revenue from the franchise for 2023 was $850,000. Martinez estimates that the franchise's useful life will be 9 years. 2. Martinez incurred $45,000 in experimental costs in its laboratory to develop a patent, and the patent was granted on January 2 , 2023. Legal fees and other costs of patent registration totalled $13,600. Martinez estimates that the useful life of the patent will be 6 years. 3. A trademark was purchased from Shanghai Company for $28,800 on July 1,2020 . The legal costs to successfully defend the trademark totalled $8,160 and were paid on July 1, 2023. Martinez estimates that the trademark's useful life will be 16 years from the acquisition date. Assume that Martinez reports using ASPE. Prepare a schedule showing the intangible assets section of Martinez's statement of financial position at December 31, 2023. (Round answers to 0 decimal places, e.g. 5,275. Enter account name only and do not provide descriptive information.) Compute the total amount of expenses resulting from the transactions that would appear on Martinez's income statement for the year ended December 31, 2023. (Round answer to 0 decimal places, e.g. 5,275.) Total expenses from transactions $ Information for Martinez Corporation's intangible assets follows: 1. On January 1, 2023, Martinez signed an agreement to operate as a franchisee of Copy Service Inc., for an initial franchise fee of $75,000. Of this amount, $39,000 was paid when the agreement was signed and the balance is payable in four annual payments of $9,000 each, beginning January 1,2024 . The agreement states that the down payment is not refundable and no future services are required of the franchisor. The present value at January 1,2023, of the four annual payments discounted at 7% (the implicit rate for a loan of this type) is $30,485. The agreement also states that 4% of the franchisee's revenue must be paid to the franchisor each year. The franchisor requires that Martinez provide it with some form of assurance verifying the revenue amount used to determine the 4% payment. Martinez's revenue from the franchise for 2023 was $850,000. Martinez estimates that the franchise's useful life will be 9 years. 2. Martinez incurred $45,000 in experimental costs in its laboratory to develop a patent, and the patent was granted on January 2 , 2023. Legal fees and other costs of patent registration totalled $13,600. Martinez estimates that the useful life of the patent will be 6 years. 3. A trademark was purchased from Shanghai Company for $28,800 on July 1,2020 . The legal costs to successfully defend the trademark totalled $8,160 and were paid on July 1, 2023. Martinez estimates that the trademark's useful life will be 16 years from the acquisition date. Assume that Martinez reports using ASPE