$($b$)$

Make the entries as off December $31,2025,$ recording any necessary amortization. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

Current Attempt in Progress

Sunland Equipment Company, organized in $2025,$ has these transactions related to intangible assets in that year:

Jan. $2$ Purchafoed a patent $(5-$year life$)$ $$309,600.$

Apr. $1$ Trademark purchased $($indefinite life$)$ $$342,900.$

July $1$ Acquired a $9-$year franchise; expiration date July $1,2034,$ $$685,800.$

Sept. $1$ Research and development costs $$176,200.$