Carla VistaCorporation, organized in 2022, has these transactions related to intangible assets in that year:

Jan. 2Purchased a patent (5-year life), $354,000.Apr. 1Goodwill purchased as part of an acquisition of another company, $424,800.July 1Acquired a 9-year franchise; expiration date July 1, 2031, $637,200.Sept. 1Research costs paid, $218,300. No marketable product has been identified as yet.Dec. 31Determined that the recoverable amount of the patent was $206,500.Dec. 31Determined that the recoverable amount of the franchise was $619,500.Dec. 31Determined that the goodwill was not impaired.

Prepare the necessary entries to record these transactions. Assume all costs incurred were for cash. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit vPrepare any adjusting journal entries required at the year-end December 31, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Dec 31 (To record amortization expense.) Dec. 31 (To record impairment of patents.) Dec 31 (To record franchise impairment.) Dec. 31 (To record goodwill impairment.) Calculate the carrying amount at December 31, 2022 for each of the intangibles. Patent Franchise Goodwill $