Return to Blackboard Kieso, Intermediate Accounting, 16e Help I System Announcements (1 Unread) CALCULATOR PRINTER VERSION4BACK NEX Brief Exercise 12-10 Your answer is partially correct. Try again. Skysong Industries acquired two copyrights during 2017. One copyright related to a textbook that was developed internally at a cost of $7,800. This textbook is estimated to have a useful life of 3 years from September 1, 2017, the date it was published. The second copyright (a history research textbook) was rchased from University Press on December 1, 2017, for $44,000. This ok has an indefinite useful life. How should these two copyrights be reported on Skysong's balance sheet as of December 31, 20171 Copyright No. 1 Should not be reported on Balance Sheet w Copyright No. 2 Should be reported on Balance Sheet Click if you would like to Show Work for this question: Open Show Work Question Attempts: 1 of 7 used SAVE FOR LATER SUBMET