On January 1,2025, Sheridan Company had a balance of $331,200 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) $257,600. July 1 Acquired a 9-year franchise; explration date July 1, 2034, $496,800. Sept. 1 Research and development costs $170,200. Prepare the necessary entries to record the transactions related to intangibles. All costs incurred were for cash. (List debit entry before credit entry. Record entries in the order displayed in the problem statement. Credit occount titles are automatically indented when the ornount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts) Make an entry as of December 31, 2025, recording amy necessary amortization. (List all debit entries before credit entries. Round answers to 0 decimal ploces, es. 125. Credit occount titles are automatically indented when the amount is entered. Do not indent manuallys if no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) aTaubinal and Marlin Indicate what the intangible asset account balances should be on December 31, 2025