Brief Exercise 7-37 (Algorithmic) Cost and Amorturation of Intangible Arts On January 2, 2019, Franier Company purchased a restaurant franchise for $455,000. The terms of the franchise agreement allowed razier to have exclusive nights to operate restaurant under the "Simply Fried brand name for the next 26 years Required: Prepare the journal entries related to the franchise the racer should make during 2010 jan. 2 (Record purchase of franchise) Dec. 3: (Record amortuation of franchise