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I ne intangible assets and goodwill reported by Ivanhoe Corporation at December 31, 2020, follow. Copyrights (#1) $ 35,740 Less: Accumulated amortization 17.870 $ 17,870 Trademarks -390 Goodwill 119,060 Tota $ 187,320 A copyright (#1) was acquired on January 1, 2019, and has a useful life of four years. The trademarks were acquired on January 1, 2017. and are expected to have an indefinite life. The company has a December 31 year end and prepares adjusting journal entries annually. The following cash transactions may have affected intangible assets and goodwill during 2021: wan Paid $ 6.920 in legal costs to successfully defend the trademarks against infringement by another company July Developed a new product, incurring $ 201,940 in research and $ 49.500 in development costs with probable future benefits. The product is expected to have a useful life of 18 years. SEDE Paid $ 55.670 to a popular hockey player to appear in commercials advertising the company's products. The commercials will air in early September. 1 Accured another copyright #2 for 159.000. The new copyright has a useful life of six years, Dec Determined the fair value of the goodwill to be 5 86,270. There was no indication that the copyrights or agamarkene mpa rea, Prepare any adjusting journal entries required at December 31. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to decimal places, eg 5,275. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit 31 (To record amortization on copyrights acquired on January 1, 2019) Dec 31 To record amortization on copyrights acquired on October 1, 2021) Dec (To record amortization expense on development cost) Dec 31 Mepal Ejuunia Enn TES LOTECOU VE above lansaLLIONS. (LISLUIT LEDL Entries veure veurents. LIELILULLOUTIL ULSS ure automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Jan. 5 Trademarks 6,920 Cash July 1 Research Expenses 201940 Cach (To record research expense) V Daszlopment costs 49500 COD DO DUKE (To record development costs) 55670 Advertising Expense KK 159000 Copyrights ch