Exercise 9-13 Gill Company, organized in 2015, has the following transactions related to intangible assets. 1/2/15 4/1/15 7/1/15 9/1/15 Purchased patent (7-year life) Goodwill purchased (indefinite life) 10-year franchise; expiration date 7/1/2025 Research and development costs $607,880 374,780 388,400 150,680 Prepare the necessary entries to record these intangibles. All costs incurred were for cash. Make the adjusting entries as of December 31, 2015, recording any necessary amortization. (Record journal entries in the order presented in the problem. If no entry is required, select "No entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT Calculate ending balances as at 12/31/15. Ending balances Patents Goodwill Franchises Decal and analasta