In 2021, Bratten Fitness Company made the following cash purchases: 1. The exclusive right to manufacture and sell the X-Core workout equipment from Symmetry Corporation for S211.000 Symmetry created the unique design for the equipment Bratten also paid an additional $15.500 in legal and filing fees to attorneys to complete the transaction. 2. An initial fee of $300.000 for a three-year agreement with Silver's Gym to use its name for a new facility in the local 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 Silver's Gym 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 journal entry required" in the first occount field.) Journal entry worksheet Record the expenditures related to initial acquisitions. Note: Enter debits before credits. General Journal Debit Credit Transaction 1 Equipment Patent