Grapefruit Inc. purchased Tangelo Inc for $1,000,000. Included in the purchase were tangible net assets with a fair value of $550,000 plus a patent valued at $100,000 and a copyright valued at $75,000. On year later, Grapefruit estimates the goodwill related to this purchase has a value of 300,000. What, if any, journal entry should Grapefruit record? DR: [Select ] [ Select] CR: [ Select]