Bright Designs Ltd. began operations in 205 and, at the end of its first year of operations, reported a balance of $821,800 in an account called "intangibles." Upon further investigation, it is discovered that the account had been debited throughout the year as follows: Required: 1. Prepare a correcting entry that reallocates all amounts charged to intangibles to the appropriate accounts. State any assumptions made. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the entry that reallocates all amounts charged to intangibles. Note: Enter debits before credits. 2. Calculate amortization expense on intangible assets for 205. Straight-line amortization, to the exact month of purchase, is used. All residual values are expected to be zero. (Round your answers to the nearest whole dollars.)