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) $330,000 Apr. 1 Goodwill purchased as part of an acquisition of another company $396,000 Jul. 1 Acquired a 9-year franchise; expiration date July 1, 2025 $594,000 Dec. 31 Determined that the recoverable amount of the patent and franchise to be $193,000 and $578,000 respectively. There was no Indication that the goodwill was impaired. 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 0 for the amounts.)