In the current year, Company A made the following cash purchases: 1. The exclusive right to manufacture and sell equipment from Company B for $211,000. Company B created the unique desigin for the equipment. Company A also paid an additional $15,500 in legal and filing fees to attomeys to cornplete the transacion 2. An initial fee of $300,000 for a three year agreement with Company C to use its name for a new faclity in the local area Company C has locations throughout the country. Company A is required to pay an additional fee of $6,100 for each month it operates under the Company C name, with payments beginning in March of the current year. Company A also purchased $411,000 of equipment to be placed in the new facility. 3. The exclusive right to sell a book, for $30,000, Required: Prepare a summary journal entry to record expenditures related to initial acquistions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field