Crane Corporation, organized in 2022, has these transactions related to intangible assets in that year:

Jan. 2		Purchased a patent (5-year life), $246,000.
Apr. 1		Goodwill purchased as part of an acquisition of another company, $295,200.
July 1		Acquired a 9-year franchise; expiration date July 1, 2031, $442,800.
Sept. 1		Research costs paid, $151,700. No marketable product has been identified as yet.
Dec. 31		Determined that the recoverable amount of the patent was $143,500.
Dec. 31		Determined that the recoverable amount of the franchise was $430,500.
Dec. 31		Determined that the goodwill was not impaired.

alculate the carrying amount at December 31, 2022 for each of the intangibles.

Patent		$enter a dollar amount
Franchise		$enter a dollar amount
Goodwill		$enter a dollar amount

CRANE LTD. Bank Reconciliation July 31 $ Date Account Titles and Explanation Debit Credit Prepare 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 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 (To record amortization expense.) Der 31