Blossom Corporation has the following selected transactions during the year ended December $31,2024$:

Jan. $1$ Purchased a copyright for $$120,000$ cash. The copyright has a useful life of six years and a remaining legal life of $30$ years.

Mar. $1$ Acquired a franchise with a contract period of nine years for $$512,190$; the expiration date is March $1,2033.$ Paid cash of $$36,720$ and borrowed the remainder from the bank.

Sept. $1$ Purchased a trademark with an indefinite life for $$74,770$ cash. As the purchase was being finalized, spent $$36,460$ cash in legal fees to successfully defend the trademark in court.

Dec. $31$ Purchased an advertising agency for $$646,000$cash. The agency's only assets reported on its statement of financial position immediately before the purchase were accounts receivable of $$59,500,$ furniture of $$173,000,$ and leasehold improvements of $$326,000.$ Blossom hired an independent appraiser who estimated that the fair value of these assets was accounts receivable $$59,500,$ furniture $$183,000,$ and leasehold improvements $$339,000.$ Blossom is not assuming any liabilities pertaining to the agency.