On January 1, 2022, Blossom Company had a balance of $320,000 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 2022, the company had the following additional transactions, Jan. 2 Purchased a patent (5-year life) $280,350. July 1 Acquired a 9-year franchise; expiration date July 1,2031, $540,000. Sept. 1 Research and development costs $175,000. (a) and (b) (a) Prepare a tabular summary to record the January 1 balance in the Goodwill account as well as the 2022 transactions (a) Prepare a tabular summary to record the January 1 balance in the Goodwill account as well as the 2022 transactions related to intangibles. All costs incurred were for cash. (b) Record arry necessary arnortization as of December 31,2022 (If a transaction causes a decrease in Assets, Llabilities or Stockholders' Equity, place a negative slgn (or parentheses) in front of the amount entered for the particular Asset, Lability or Equily item that was reduced.) entered for the particular Asset, Liability or Equity item that was reduced.) entered for the particular Asset, Uability or Equity item thot was reduced)