Please help me with the Journal Entry on the Impairment of Franchises and Impairment of Patents

Cullumber Corporation began operations in 2024 and has these transactions related to intangible assets in that year: Jan. 2 Apr. 1 Jul. 1 Dec. 31 Purchased a patent (5-year life) Goodwill purchased as partof an acquisition of another company Acquired a 9-year franchise; expiration date July 1, 2033 Determined that the recoverable amount of the patent and franchise to be $179,000 and $536,000 respectively. There was no indication that the goodwll was impaired. $306,000 $367,000 $550,800