Need help with part B

On January 1, 2025, Oriole Company had a balance of $316,800 of goodwill on its balance sheet that resulted from the purchase of a small business in a prior year. The goodwill had an indefinite life. During 2025 , the company had the following additional transactions. Jan. 2 Purchased a patent ( 5 -year life) $246,400. July 1 Acquired a 9-year franchise; expiration date July 1, 2034,\$475,200. Sept. 1 Research and development costs $162,800. (a) Prepare the necessary entries to record the transactions related to intangibles. All costs incurred were for cash. (List deblt entry before credit entry. Record entries in the order displayed in the problem statement. Credit occount titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter O for the amounts) Cash July 1 Franchise 475200 Cash 475200 Sept. 1 Research and Development Expense 162800 eTextbook and Media List of Accounts answers to 0 decimal places, es. 125. 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 occount titles and enter O for the amounts.)