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*Exercise 10-13 (Part Level Submission) Gill Company, organized in 2014, has the following transactions related to intangible assets. 1f2f14 Purchamd patent {7-year life) $579,110 4llll4

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*Exercise 10-13 (Part Level Submission) Gill Company, organized in 2014, has the following transactions related to intangible assets. 1f2f14 Purchamd patent {7-year life) $579,110 4llll4 Goodwlll purchwed (Indenite life) 346,080 Till\" 15-year franchise; expiration date 714112024 519,900 9l1l14 Raearch and development costs 195,110 \"(31 ) Prepare the necessary entries to record these intangibles. All costs incurred were for cash. Make the adjusting entries as of December 3]., 2014, recording any:r necessary amortization. (Record entries in the order presented in the emblem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Amount \"u and Explanation Ddit mil

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