answer for part B. Thanks

The intangible assets and goodwill reported by Oriole Corporation at December 31, 2020. follow $36,100 18,050 Copyrights (#1) Less. Accumulated amortization Trademarks Goodwill Total $ 18,050 54,680 124070 $196,800 A copyright (1) was acquired on January 1, 2019 and has a useful ife of four years. The trademarks were acquired on January 1. 2017. and are expected to have an indefinite life. The company has a December 31 year end and prepares adjusting Journal entries annually The following cash transactions may have affected intangible assets and goodwill during 2024: 5 Dan July Pald 57.370 in legal costs to successfully defend the trademarks ainst Infringement by another company. Developed a new product, incurring $222.580 in research and $46.000 in development costs with probable Future benefits. The product is expected to have a useful fe of 20 vears. Paid 561820 to a popular hockey player to appearle commercial advertising the compartes products. The commend als wir air in early September Acquired another copyright (#2 for 5159000. The new copyright a useful life of six years. Determined the fair value of the good wito be 598.650 There was no indication that the copyrights.ee trademarks Reine 1 Det Dec 10 > 6.67 / 20 Question 6 of 7 Your answer correct Prepare journal entries to record the above transactions. List all diabil entries belowendiente. Cred accounttities are automatically indented when the amount is entered. Do not indent manually. If nemory is required select "No Entry for the account tities and enter for the amounts. Rond Journal entries in the order presented in the problem.) Debit Credit Account Titles and Explanation Trademarks 7370 7370 Canh 222580 Nech Expense 222580 To record research expense) 6430 Development Costs 48000 To record development costs) 1820 BIBO CAR IN Textbooks and Media (b) Prepare any adjusting journal entries required at December 31. (Line a debit entries before credit anstries. Credit account elles are automatically Indented when the amount is andere Do not indent maradtbye Round answers to decimal places, 3., 5.275. If no anty is required. Slect "No Entry for the account titles and enter for the amounts.) Debit Credit Date Aocount Titles and Explanation Deci 31 (To record amortization on copyrights acquired on January 1, 2019) Dec 31 To record amortization on copyrights acquired on October 1, 2021) Dec To record amortization expense on development cost) 3 I Textbook and Media