The intangible asset section of Eastman Company at December 31, 20x1, is presented below:

Patent A ($90,000 cost less $9,000 amortization)	$81,000
Copyright ($48,000 cost less $19,200 amortization)	$28,800
Total Intangibles	$109,800

Patent A was acquired in January of 20x1 and has a useful life of 10 years. When the copyright was purchased, it had a remaining legal life of 50 years, but Eastman projected it would generate revenues for only 10 more years.

The following transactions may have affected intangibles during 20x2:

July 1, 20x2	Eastman paid $29,750 in legal fees that resulted in the successful defense of Patent A against infringement by a competitor. Eastman estimates the useful life of Patent A remained unchanged (i.e. 10 years from the date they placed it into service).
Jan - August	Developed a new product incurring $250,000 in research and development costs. Patent B was granted on September 1. Legal fees of $61,200 were incurred for registering this patent. The company will amortize the cost over its legal life.
Dec 31	At year end (after recording amortization for the current year), Eastman felt it was necessary to evaluate the copyright for impairment. Under current market conditions, the fair value of the copyright was determined to be $18,000. Eastman intend to continue to use the patent for three more years and estimates future net cash flows to be $7,000 per year.

Using the above information, answer each of the following questions:

a. Determine total Amortization Expense to be reported on the Income Statement for the period ending December 31, 20x2 for all intangibles:

b. Using the information presented above, determine the Impairment Loss (if any) on the Copyright:

c. Using the information presented in #3 above, determine the book value of TOTAL INTANGIBLE ASSETS (NET) that would appear on the December 31, 20x2 balance sheet: