Fxercise 9-12 (Part Level Submission) On January 1, 2017, Sunland Company had a balance of $388,000 of goodwill on its balance sheet that resulted from the purchase of a small business in a prior year. The goodwill had an indefinite Ife, Dring 2017, the company had the following addtional dwill had an During 201 lan. 2 Purchased a patent (s year ifc) 300,1s0 July 1 Acquired a 10-year franchise; expiration date July 1, 2027, $576,000 Sept. 1 Research and development costs $178,500. Credit ac Propare the neoessary entries to recard the transactions related to intangibles. Al casts incurred were for cash.(Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when the amount is entered. Do not indent manualy. If no entry is requuired, select "No Entry" for the account titles and enter for the amounts.) Date Acount Titles and Explanation Debit Credit