statements. E12.2 (L01,2) (Classification Issues--Intangibles) Presented below is selected account informa- tion related to Matt Perry Inc. as of December 21, 2019. All these accounts have debit balances. Cable television franchises yes Music copyrights yes Research and development costs Goodwill yes Cash Accounts receivable Property, plant, and equipment Internet domain name yes Land Film contract rights yes Customer lists Prepaid expenses Covenants not to compete Brand names you Notes receivable Investments in associated companies Organization costs Instructions Identify which items should be classified as an intangible asset. For those items not classified as an intan- gible asset, indicate where they would be reported in the financial statements