Question \# 2: 25 points Chapter 9: Reporting and Analyzing Long-Lived Assets Chunky River Real Estate Company has the following transactions related to intangible assets during the year: Jan. 7 Purchased a 10-year franchise with a national real estate company. Feb. 1 Paid company personnel prize money for creating best advertising jingle for TV ad campaign. Apr. 9 Purchased the trademark (company logo) of another local real estate company. Aug. 3 Received a copyright on company advertising "jingle" created by company personnel. Sept. 8 Made first annual payment to national real estate company for franchise fee. How are each of the above items accounted for in the financial statements? Helpful hints: i.e Operating expenses? Intangible assets? Please make sure to answer all the five questions/transactions