Ivanhoe Limited organized late in 2019 and set up a single account for all intangible assets. The following summary shows the entries in 2020 (all debits) that have been recorded in Intangible Assets since then: Jan. 2 Purchased patent (8-year life) Mar. 31 Costs to search for new ways to apply patent that was purchased on Jan. 2 Apr. 1 Purchased goodwill indefinite life) July 1 Purchased franchise with 10-year life; expiration date July 1, 2030 1 Promotional costs to increase the future economic benefit of the goodwill that was purchased on Apr. 1 Aug. 1 Payment for copyright (5-year life) 1 Purchased trademark (3-year life) 1 Purchased customer list (2-year life) Sept. 1 Research costs $341,000 21,000 320,000 249,000 33,000 130,800 14,400 9,600 239,000 $1,357,800 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.) Account Titles and Explanation Debit Credit Intangible Assets - Patents 341000 Goodwill 320000 Intangible Assets - Franchi 249000 Research and Developmen 260000 Intangible Assets - Copyrig 130800 Advertising Expense 33000 Intangible Assets - Traden 14400 Intangible Assets - Custon 9600 Intangible Assets 1357800 Make the entry as at December 31, 2020, 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 o decimal places, e.g. 5,275.) Account Titles and Explanation Debit Credit Amortization Expense Accumulated Amortization Accumulated Amortization Accumulated Amortization Accumulated Amortization Accumulated Amortization SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT Provide the asset amounts reported on the December 31, 2020 statement of financial position. (Round answers to 0 decimal places, e.g. 5,275.) Patents Franchise Copyright Trademark Customer list Goodwill