On January 1,2022. Cullumber Company had a balarke 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 compary had the following additional transactions. Jan. 2 Purchased a patent (7-year life) $313,950. July 1 Acquired a 8-year franchise; expiration date July 1, 2030, 5583,200. Sept. 1 Research and development costs $176.500 Prepare the necessary entries to record the transactions related to intangibles. All costs incurred were for cash (Record entries in the onder displayed in the problem statement. Credit occount titles are automatically indented when the omount is entered. Do not indent manually if no entry is required, select 'No Entry' for the occount titles and enter Ofor the amounts.)