Pina Colada Corporation purchased a trade name, customer list, and manufacturing equipment for a lump sum of $760,000. The fair market values of each asset are $334,080,$344,520, and $365,400, respectively. There were initial operating losses of $14,200 during the first four months after the assets were put into use. Prepare the journal entry to record the treatment of these costs. (Do not round intermediate calculations. Round answers to 0 decimal places, e.g. 5,275. 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 titles and enter 0 for the amounts. List all debit entries before credit entries.)