i need help with the second portion. not sure if the no entrys are correct. thank you!

Current Attempt in Progress 1. 3. The following transactions involving intangible assets of Wildhorse Corporation occurred on or near December 31, 2020. Minton paid Grand Company $380,000 for the exclusive right to market a particular product, using the Grand name and logo in promotional material. The franchise runs for as long as Wildhorse is in business. 2 Wildhorse spent $702,000 developing a new manufacturing process. It has applied for a patent, and it believes that its application will be successful. In January, 2021. Wildhorse's application for a patent (#2 above) was granted. Legal and registration costs incurred were $273,000. The patent runs for 20 years. The manufacturing process will be useful to Minton for 10 years. Wildhorse incurred $148,800 in successfully defending one of its patents in an infringement suit. The patent expires during December, 2024. 5. Wildhorse incurred $456,000 in an unsuccessful patent defense. As a result of the adverse verdict, the patent, with a remaining unamortized cost of $269,640, is deemed worthless. Wildhorse paid Sneed Laboratories $114,400 for research and development work performed by Sneed under contract for Wildhorse. The benehts are expected to last six years. 4 6 Prepare journal entries for on the date of transaction. (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 No. Account Titles and Explanation 1. Franchises 380000 Cash 380000 2. Research and Development Expense 702000 Cash 702000 3. Patents 273000 Cash 273000 4. Patents 148000 Cash 148000 5. Legal Fees Expense 456000 Cash 456000 (To record amount incurred.) Patent Expense 269,640 Patents 269,640 (To record unamortized cost.) 6. Research and Development Expense 114.400 Prepare journal entry (ies) for on December 31, 2021 to record any resultant amortization. (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 for the amounts.) No. Account Titles and Explanation 1. No Entry Debit Credit 0 No Entry 0 2. No Entry 0 No Entry 0 3. 4. 5. No Entry 0 No Entry 0 6. No Entry 0 No Entry 0