Patrick Corporation’s adjusted trial balance contained the following asset accounts at December\n31, 2014: Prepaid Rent $12,000; Goodwill $50,000; Fran
Patrick Corporation’s adjusted trial balance contained the following asset accounts at December
\r\n31, 2014: Prepaid Rent $12,000; Goodwill $50,000; Franchise Fees Receivable $2,000; Franchises
\r\n$47,000; Patents $33,000; Trademarks $10,000. Prepare the intangible assets section of the balance sheet.