Blue Spruce Company, organized in 2020, has the following transactions related to intangible assets. 1/2/22 $624,000 4/1/22 360,000 Purchased patent (8-year life) Purchased a small compaly and as a result recorded goodwill. indefinite life) Acquired 12-year franchise; expiration date 7/1/2032 Incurred research and development costs 7/1/22 600,000 9/1/22 187,000 Prepare the necessary entries to record these intangibles. All costs incurred were for cash. Make the adjusting entries as of December 31, 2022, recording any necessary amortization. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account uitles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Calculate ending balances as at 12/31/22. Ending balances Patents $ $ Goodwill $ Franchises TA $ Research and Development Expense