Crane Crossburgers inc, charges an initial franchise fee of $91,000. Upon the signing of the agreement (which covers 3 years alter commencement of operationsh, a payment of $36,400 is due. Thereafter, 3 annual payments of $18,200 are required. The credit rating of the franchisee is such that it would have to pay interest at 10% to borrow money. The franchise agreement is signed on May1,2025, and the franchise commences operation on July 1,2025. Cick here to view the factor table Prepare the journal entries in 2025 for the franchisor under the following assumptions. a. Nofuture services are required by the franchisor once the franchise starts ogerations. b. The franchisor has substantial services to perform, once the franchise begins operations, to maintain the value of the franchise. c. The total franchise fee includes trainirg services (witha value of $2.900 ) for the period leading up to the franchise opening and for 2 months foilowing opening. Cnedir account titles are autematically indented when the amount is entered. Do not indent manually. If no entry is sequlred, select "No entry" for the eccount tities and enter O for the amounts Round present value foctor calculations to 5 decimal places, es. 125124 and the final answer to 0 decimal plsces es. 58,971 . List all debit entrles hefore credit entries. Recond joumal entries in the order presented in the