On January 1,2025. Wildhorse. Co. had a balance of $468,000 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 2025 , the company had the following additional transactions. Jan. 2 Purchased a patent (5-year life) $364,000. July 1 Acquired a 9-year franchise; expiration date July 1, 2034, $702,000 Sept. 1 Research and development costs $240,500. Make an entry as of December 31,2025, recording any necessary amortization. (List all debit entries before credit entries 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 titfes and enter 0 for the amounts.)