In 2021. Bratten Fithess Gompany made the following cash purchases: 1. The exclusive right to manufacture and sell the X. Core workout equipment from Symmetry Corporation for. $211,000. Symmetry created the unique design for the equipment. Bratten also paid an adititional $15.500 in fegal and filing fees to attomeys to complete the transaction 2. An initial fee of $300,000 for a three-year agreement with Siver's Gym to use its name for a niew facility in the focaf area Silver's Gym has locations throughout the country. Bratten is required to pay an additional fee of $6,100 for each month it operates under the Siver's 6ym name, with payments beginning in March 2021 . Bratten also purchased $411,000 of exercise equipment to be placed in the new facility. 3. The exclusive right to sell Healthy Choice, a book authored by Kent Patterson, for $30,000. The book includes healthy recipes. recommendations for dietary supplements, and natural remedies. Bratten plans to display the book at the check-in counter at its new facility. as well as make it available online Required: Prepare a summary journal entry to record expenditures related to initial acquisitions. (If no entry is required for a transaction/event, select "No joumal entry required" in the first account field.)