On January 1, 2022, Cullumber Company had a balance of $359,500 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 (6-year life) $324,450.
July	1		Acquired a 8-year franchise; expiration date July 1, 2,030, $612,000.
Sept.	1		Research and development costs $184,000.

Make an entry as of December 31, 2022, recording any necessary amortization. (Round answers to 0 decimal places, e.g. 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 account titles and enter 0 for the amounts.)