Final answer:
To prepare the intangible assets section of the balance sheet for Tamarisk Corporation, include the accounts: equity investments, goodwill, prepaid insurance, patents, and franchises with their respective amounts.
Step-by-step explanation:
To prepare the intangible assets section of the balance sheet for Tamarisk Corporation, we need to include the following accounts: equity investments (to be sold in the next 6 months), goodwill, prepaid insurance, patents, and franchises. These accounts represent the company's intangible assets, which are assets that have no physical form but still hold value. In the intangible assets section, we list the accounts and their respective amounts. Here is the breakdown:
- Equity investments (to be sold in the next 6 months): $23,000
- Goodwill: $151,700
- Prepaid insurance: $14,600
- Patents: $222,400
- Franchises: $111,100
These amounts represent the value of Tamarisk Corporation's intangible assets as of December 31, 2025.