On January 1, 2022, Sunland Company had a balance of $ 388,000 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 July 1 Purchased a patent (5-year life) $ 360,150. Acquired a 9-year franchise; expiration date July 1, 2031, $ 576,000. Research and development costs $ 178,500. Sept. 1 (a) and (b) (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. Record any necessary amortization as of December 31, 2022. (b) (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity Item that was reduced.) Assets Cash Patents Franchise (a) Bal $ 5 Jan 2 July 1 Sept. 1 Stockholders' Equity Retained Earnings Common Stock Revenue Expense Dividend $ $ $ $