Exercise 9-9 a-b Ivanhoe Corporation has the following selected transactions during the year ended December 31, 2018: Jan. 1 Purchased a copyright for $112,260 cash. The copyright has a useful life of six years and a remaining legal life of 30 years. Mar. 1 Acquired a franchise with a contract period of nine years for $585,360; the expiration date is March 1, 2027. Paid cash of $36,670 and borrowed the remainder from the bank. Sept. 1 Purchased a trademark for $79,420 cash. As the purchase was being finalized, spent $31,980 cash in legal fees to successfully defend the trademark in court. Prepare the entries to record the above transactions. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually. If no entry is requin amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record purchase of trademark) (To record costs incurred to defend trademark) SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the entries to record any amortization at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry the amounts. Round answers to o decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Dec. 31 (To record amortization expense on copyrights) Dec. 31 (To record amortization expense on franchises) List Of Accounts Exercise 9-9 a-b Accounts Payable Accounts Receivable Accumulated Depreciation - Buildings Accumulated Amortization - Copyrights Accumulated Amortization - Development Costs Accumulated Depreciation - Equipment Accumulated Amortization - Franchises Accumulated Depreciation - Furniture Accumulated Amortization - Patents Accumulated Depreciation - Vehicles Advertising Expense Allowance for Doubtful Accounts Amortization Expense Bad Debts Expense Bank Charges Expense Bank Loan Payable Buildings Cash Common Shares Copyrights Cost of Goods Sold Depreciation Expense Development Costs Equipment Franchises Furniture Gain on Disposal Goodwill Impairment Loss Income Tax Expense Interest Expense Interest Payable Interest Receivable Interest Revenue Inventory Land Land Improvements Loss on Disposal Mortgage Payable No Entry Notes Receivable Office Expense Patents Prepaid Insurance Rent Expense Repairs and Maintenance Expense Research Expenses Retained Earnings Salaries Expense Sales Sales Discounts Supplies Trademarks Vehicles