Ivanhoe Company, organized in 2022, has these transactions related to intangible assets in that year: Jan. 2 Purchased a patent (5-year life) $269,750. Apr. 1 Goodwill purchased (indefinite life) $298,800. July 1 Acquired a 9-year franchise; expiration date July 1, 2031. $597,600. Sept. 1 Research and development costs $153,550. Prepare the necessary entries to record these intangibles. All costs incurred were for cash. (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. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Make the entries as of December 31, 2022, recording any necessary 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.) Account Titles and Explanation Debit Credit eTextbook and Media Indicate the balances of the different intangible assets on December 31, 2022. Ending balances, 12/31/22: Patents Goodwill Franchises $ $ $