Current Attempt in Progress Blossom Limited organized late in 2022 and set up a single account for alt intangible assets. The following summary shows the entries in 2023 (all debits) that have been recorded in Intangible Assets since then 2 Purchased patent (8-year life) $340,000 a 31 Costs to search for new ways to apply patent that was purchased on Jan. 2 21.000 Apr. 1 Purchased goodwill indefinite life) 316,000 uly 1 Purchased franchise with 10-year life; expiration date July 1, 2033 264,000 I Promotional costs to increase the future economic benefit of the goodwill that was purchased on Apr. 1 33,000 1 Payment for copyright (5-year lifel 147,000 1 Purchased trademark (3-year life) 14,400 1 Purchased customer fists (2-year life) 9.600 pt 1 Research costs 239,000 $1,384,600 Prepare the necessary entry to clear the Intangible Assets account and to set up separate accounts for distinct types of intangibles. (Credit account titles are 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 O for the amounts. List all debit entries before credit entries) Account Titles and Explanation Debit Credit