Carla VistaCompany, organized in 2016, has set up a single account for all intangible assets. The following summary discloses the debit entries that have been recorded during 2017.

1/2/17Purchased patent (9-year life)$459,000

4/1/17Purchase goodwill (indefinite life)360,300

7/1/17Purchased franchise with 10-year life; expiration date 7/1/27462,000

8/1/17Payment of copyright (5-year life)156,000

9/1/17Research and development costs238,000

$1,675,300

PART 2

Make the entry as of December 31, 2017, recording any necessary amortization.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation Debit Credit

_____________________________________

____________________________________

____________________________________

____________________________________

PART 3

Reflect all balances accurately as of December 31, 2017.

Use straight-line amortization

____________________________

____________________________

____________________________

_____________________________