Starn Tool Company has five different intangible assets to be accounted for and reported on the financial statements. The management is concened about the amortization of the cost of each of these intangibles Facts about each intangble follow a Patent. The company purchased a patent at a cash cost of $71,500 on January 1, 2017.The patent has an estimated useful life of 13 years b. Copyright. On January 1, 2017,the company purchased a copyright for $28,500 cash. H is estimated that the copyrighted item will have no value by the end of 10 years c. Franchise. The company obtained a franchise from MicKenna Company to make and distrbute a special item. It obtained the franchise on January 1, 2017, at a cash cost of $15,600 for a 10-year peniod. d. License. On January 1, 2016, the company secured a lioense from the city to operate a special service for a period of five years. Total cash expended to obtain the license was $15,200 e Goodwill. The company started business in January 2014 by purchasing another business for a cash lump sum of $520,000. Included in the purchase price was "Goodwill, $52,000. Company executives stated that "the goodwill is an important long-lived asset to us.has an indefinite life Required 1. Compute the amount of amortization that should be recorded for ea intangible asset at the end oftho mal accountng period. December 31, 2017. a. Patent b. Copyright c. Franchise d. License e. Goodwill