(a) A company purchased a patent on January 1, 2017, for 2,500,000. The patent's legal life is 20 years but the company estimates that the patent's useful life will only be 5 years from the date of acquisition. On June 30, 2017, the company paid legal costs of $135,000 in successfully defending the patent in an infringement suit. Prepare the journal entry to amortize the patent at year end on December 31, 2017. (b) Clark Company purchased a franchise from Tastee Food Company for $400,000 on January 1, 2017. The franchise is for an indefinite time period and gives Clark Company the exclusive rights to sell Tastee Wings in a particular territory. Prepare the journal entry to record the acquisition of the franchise and any necessary adjusting entry at year end on December 31, 2017. (c) Hulse Company incurred research costs of $500,000 in 2017 in developing a new product. Prepare the necessary journal entries during 2017 to record these events and any adjustments at year end on December 31, 2017