Crane Limited organized late in 2022 and set up a single account for all intangible assets. The following summary shows the entries in 2023 (all debits) that have been recorded in Intangible Assets since then:

Jan.	2		Purchased patent (8-year life)		$333,000
Mar.	31		Costs to search for new ways to apply patent that was purchased on Jan. 2		21,000
Apr.	1		Purchased goodwill (indefinite life)		315,000
July	1		Purchased franchise with 10-year life; expiration date July 1, 2033		265,000
	1		Promotional costs to increase the future economic benefit of the goodwill that was purchased on Apr. 1		33,000
Aug.	1		Payment for copyright (5-year life)		145,200
	1		Purchased trademark (3-year life)		14,400
	1		Purchased customer lists (2-year life)		8,400
Sept.	1		Research costs		232,000
					$1,367,000

Prepare the necessary entry to clear the Intangible Assets account and to set up separate accounts for distinct types of intangibles. (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. List all debit entries before credit entries.)

Account Titles and Explanation	Debit	Credit
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount

Make the entry as at December 31, 2023, for any necessary amortization so that all balances are accurate as at that date. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.)

Account Titles and Explanation	Debit	Credit
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount

Provide the asset amounts reported on the December 31, 2023 statement of financial position. (Round answers to 0 decimal places, e.g. 5,275.)

Patents		$enter a dollar amount rounded to 0 decimal places
Franchise		$enter a dollar amount rounded to 0 decimal places
Copyright		$enter a dollar amount rounded to 0 decimal places
Trademark		$enter a dollar amount rounded to 0 decimal places
Customer lists		$enter a dollar amount rounded to 0 decimal places
Goodwill		$enter a dollar amount rounded to 0 decimal places