problem E-12. USE table below to show work. Should set up similarly like that and not debit and credit.

Instructions Indicate the amount of amortization expense on December 31, 201 E7-12 On January 1, 2017, Haley Company had a balance of $360,000 of goodwill on its Corporation Instru Analyz each t For ar trom the purchase of a small business in a prior year. The goodwl had an indefinite life. During 2017, the company had the following additional transactions, Jan. 2 Purchased a patent (5-year life) $280,000. Acquired a 9-year franchise; expiration date July 1, 2026, $540,000. Research and development costs $185,000. July 1 Sept. 1 Instructions (a) P7- Prepare a tabular summary to record the January 1 balance in the Goodwill account as well as the 2017 transactions related to intangibles. All costs incurred were for cash. (c) Indicate what the intangible asset account balances should be on December 31, 2017 E7-13 Alliance Atlantis Communications Inc. changed its accounting policy to amortize e estimated (b) Record any necessary amortization as of December 31, 2017 broadcast rights over the contracted exhibition period, which is based on th useful life of the program. Previously, the company amortized broadcast rights over the Clipboard Font Paragraph Styles PROBLEM 7-4 - Liabiibes Slockholders' Equty Accum. Depr Equp Payable Payable Slock Rev Relained Eamings Notes nterest Depr Notes Com Cash + -RecLandBuildings Bldgs Equipmenit Exp Div (a) Ba (b) 2017 Apr 1 May 1 Depreciaion expe Loss on disposal of 1 92 words