Current Attempt in Progress Swifty Company, organized in 2020, has the following transactions related to intangible assets, 1/2/20 4/1/20 7/1/20 9/1/20 Purchased patent (5-year life) Goodwill purchased (indefinite life) 12-year franchise Research and development costs $385,000 360,000 456,000 194,000 December 31, 2020, recording any necessary to counter is entered. Do not inden many Record journal entries in the order presented select "No Entry for the accounts and enter for the amount Date Account Thies and Explanation Debat e Textbook and Media