1 3 100 In 2021. Bratten Fitness Company made the following cash purchases: 1.The exclusive right to manufacture and sell the X-Core workout equipment from Symmetry Corporation for $220,000 Symmetry created the unique design for the equipment, Bratten also paid an additional $12.500 in legal and filing fees to attorneys to complete the transaction 2. An inal fee of $345,000 for a three-year agreement with Silver's Gym to use its name for a new facility in the local area. Silver's Gym has locations throughout the country Bratten is required to pay an additional fee of $7,000 for each month it operates under the Silver's Gym name, with payments beginning in March 2021. Bratten also purchased $420,000 of exercise equipment to be placed in the new facility 2. The exclusive right to sell Healthy Choice, a book authored by Kent Patterson, for $39,000. The book includes healthy recipes recommendations for dietary supplements, and natural remedies. Bratten plans to display the book at the check-in counter of its new facility, as well as make it available online. Required: Prepare a summary journal entry to record expenditures related to intial acquisitions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet < Record the expenditures related to ustial acquisitions,