CALCULATOR FULL SCREEN PRINTER VERSION REX NEXT Exercise 9-15 (Part Level Submission) On January 1, 2022, Blossom Company had a balance of $320,000 of goodwill on its balance sheet that resulted from the purchase of a small business in a prior year. The goodwill had an indefinite life. During 2022, the company had the following additional transactions lan 2 Purchased a patent (5-year life) $200,350. July 1 Acquired a year franchise; expiration date July 1, 2,030, 3540,000 Sept. 1 Research and development costs $175.000 Prepare the necessary entries to record the transactions related to intangibles. All costs incurred were for cash (Record entries in the order displayed in the problem statement. Credit account ttles are automatically indented when the amount is entered. Do not Indent may, If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Tities and Explanation Debit Credit