Pandiples of QUESTION 2 (6 MARKS During the year 2021, Cheer Automobile has the following transactions related to Amounts 148,000 185,000 50,000 180,000 Intangible assets: Date Feb 1, 2021 May 1, 2021 Research and development cost 10-year patent (legal life of 20 years) Aug 1.2021 Sept 1,2021 Goodwill purchased 8-year franchise (expiration date on Sept 1, 2029) REQUIRED: (3 Marks) a) Prepare necessary journal entries to record acquisition of these assets. All costs incurred were for cash 6) Prepare necessary adjusting entries to record the 2024 amortization expense. [3 Marks)