On October 1, 2021 Funky dog supplies Inc. (FDS) signed a ten-year franchise agreement for the exclusive rights to sell Extreme dog sports Co.'s products in Saint John, New Brunswick. The agreement stipulates that FDS will pay the franchisor $75,000 upon signing the agreement, an ongoing royalty of 9% of monthly sales and 2% contribution to the corporate marketing fund payable on the 10th of each following month. FDS started operating the new franchise immediately after signing the agreement. Sales for the first two months were $85,000, and $97,000. FDS amortizes the franchise agreement monthly on a straight-line basis. Required: Prepare the necessary journal entries up to November 11, 2021 in the provided GJ