Crane Limited organized late in 2016 and set up a single account for all intangible assets. The following summary shows the entries in 2017 (all debits) that have been recorded in Intangible Assets since then:

Jan.2Purchased patent (8-year life)$341,000Mar.31Costs to search for new ways to apply patent that was purchased on Jan. 221,000

Apr.1Purchased goodwill (indefinite life)304,000July.1Purchased franchise with 10-year life; expiration date July 1, 2027249,0001Promotional costs to increase the future economic benefit of the goodwill that was purchased on Apr. 133,000

Aug.1Payment for copyright (5-year life)128,0001Purchased trademark (3-year life)15,4001Purchased customer list (2-year life)9,800Sept.1Research costs230,000$1,331,200

Prepare the necessary entry to clear the Intangible Assets account and to set up separate accounts for distinct types of intangibles.