Incentive corporation was authorized to issue 12,000 shares of common stock, each with a $2 par value. during its first year, the following selected transactions were completed: issued 6,600 shares of common stock for cash at $26 per share. issued 2,600 shares of common stock for cash at $29 per share. prepare the stockholders’ equity section as it should be reported on the year-end balance sheet. at year-end, the accounts reflected net income of $100.

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?