Marshall Company, organized in 2020, has set up a single account for all intangible assets. The following summary discloses the debit entries that have been recorded during 2021. (15 pts)

1/2/21 Purchased patent (8-year life) $ 350,000

4/1/21 Purchase goodwill (indefinite life) 360,000

7/1/21 Purchased franchise with 10-year life; expiration date 7/1/31 450,000

8/1/21 Payment of copyright (5-year life) 156,000

9/1/21 Research and development costs 215,000

Total amount of Intangible Asset reported $1,531,000

Write a schedule of the Intangibles as of December 31, 2021.(5pts)