Gladow Corporation began operations in 2020 and has these transactions related to intangible assets in that year: Jan. 2 Purchased a patent (5-year life) Apr. 1 Goodwill purchased as part of an acquisition of another company Jul. 1 Acquired a 9-year franchise; expiration date July 1, 2025 Dec. 31 Determined that the recoverable amount of the patent and franchise to be $217,000 and $651,000 respectively. There was no indication that the goodwill was impaired. $372,000 $446,000 $669,600 (a) Prepare the necessary entries to record these intangibles. Assume all costs incurred were for cash. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Debit Credit Date Account Titles and Explanation Jan. 2 Apr. 1 (Part of the entry to record purchase of another company) Jul. 1 Gladow Corporation began operations in 2020 and has these transactions related to intangible assets in that year: Jan. 2 Purchased a patent (5-year life) Apr. 1 Goodwill purchased as part of an acquisition of another company Jul. 1 Acquired a 9-year franchise; expiration date July 1, 2025 Dec. 31 Determined that the recoverable amount of the patent and franchise to be $217,000 and $651,000 respectively. There was no indication that the goodwill was impaired. $372,000 $446,000 $669,600 (a) Prepare the necessary entries to record these intangibles. Assume all costs incurred were for cash. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Debit Credit Date Account Titles and Explanation Jan. 2 Apr. 1 (Part of the entry to record purchase of another company) Jul. 1