Blossom Limited organized late in 2022 and set up a single account for all intangible assets. The following summary shows the entries in 2023 (all debits) that have been recorded in Intangible Assets since ther an 2 Purchased patent (8-year life) ar. 31 Costs to search for new ways to apply patent that was purchased on Jan. 2 $340,000 21.000 I Purchased goodwill indefinite life 316.000 uly 1 Purchased franchise with 10-year life expiration date July 1, 2033 264,000 1 Promotional costs to increase the future economic benefit of the goodwill that was purchased on Apr 1 33.000 up 1 Payment for copyright 15-year life) 147.600 1 Purchased trademark (3-year life) 14400 1 Purchased customer lists (2-year life) 9,000 3 Research costs 239.000 $1.384,600 Prepare the necessary entry to clear the intangible Assets account and to set up separate accounts for distinct types of intangibles (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 O for the amounts. List all debit entries before credit entries) Account Titles and Explanation Debit Credit Prepare the necessary entry to clear the Intangible Assets account and to set up separate accounts for distinct types of intangibles. (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 O for the amounts. List all debit entries before credit entries) Account Titles and Explanation eTextbook and Media List of Accounts Debit Credit Make the entry as at December 31, 2023, for any necessary amortization so that all balances are accurate as at that date. (Credit account titles are automatically indented when the amount is entered. Do not indent manually Round answers to decimal places, eg 5.275. If no entry is required, select "No Entry" for the account titles and enter O for the amounts List all debit entries before credit entries) Account Titles and Explanation Credit Debit eTextbook and Media List of Accounts: Provide the asset amounts reported on the December 31, 2023 statement of financial position (Round answers to Odecimal plac Fa5.2753 Patents $ List of Accounts Provide the aiset amounts reported on the December 31, 2023 statement of financial position. Roundt answers to O decimal places 4.5.275) Patents S Franchise $ Copyright $ Trademark 5 Customer lists 5 Goodwill $ eTextbook and Media List of Accounts