on january 1 sandro purchased a franchise for 75 000 15 000 was paid when the a 382031

on january 1, sandro purchased a franchise for $75,000. $15,000 was paid when the agreement was signed and the balance is is payble in 4 annual payments of $15,000.the present value at jan 1, 2012, of the 4 annual payments discounted at 14% is $43,700.the agreement also provides that 5%revenue from the frachise must be paid to the frachisor annualy. sandors revenue from 2012 was $900,000. sandro incurred $65,000of expermintal and development costs.legal fee and other cost $17,600. useful life of 8 years trademark was purchaed for $36,000 on july 1,2000. expendiutres cost $10,200. useful life 20 years questions prepare a schedual showing the intangible assets section of sandro’s balance shet and dec 31, 2012. show supporting computation in good form prepare a schedula showing all expenses resulitng from the transactions that would appear on sandro’s income statment for year eneded dec 2012. shwo supporting compuatations