Exercise 10-5 (Algo) Intangibles (LO10-1] in 2021, Bratten Fitness Company made the following cash purchases. 1. The exclusive right to manufacture and sell the X Core workout equipment from Symmetry Corporation for $216,000. Symmetry created the unique design for the equipment Bratten also paid an additional $10,500 in legal and filing fees to attoreys to complete the transaction 2. An initial fee of $325,000 for a three-year agreement with Silver's Gym to use its name for a new facility in the local area. Silver's Gym has locations throughout the country Bratten is required to pay an additional fee of $6,600 for each month it operates under the Silver's Gym name, with payments beginning in March 2021. Bratten also purchased $416,000 of exercise equipment to be placed in the new facility 3. The exclusive right to sell Healthy Choice, a book authored by Kent Patterson, for $35.000 The book includes healthy recipes, recommendations for dietary supplements, and natural remedies Bratten plans to display the book at the check-in counter at its new facility, as well as make it available online Required: Prepare a summary journal entry to record expenditures related to initial acquisitions (if no entry is required for a transaction/event, select "No journal entry required" in the first occount field.) View transaction list Journal entry worksheet