Prepare journal entries to record the 2023 amortization expense for intangible assets.

The intanibile assets section of Aramble Company at December 31, 2022, is presented here. The patent was acculred in January 2022 and has a useful life of 10 years. The franchise was acquirod in January 2019 and also has a useful ilfe of 10 years. The following cash transactions may have affected intangible assets during 2023. lan2 Paid $33,300 legal costs to successfully defend the patent against infringement by another company. Sept. Paid $50,000 to an extremely large defensive lineman to appear in commercials advertising the company's products. The 1 commercials aired in September and October. Oct.1 Acquired a franchise for 5126,600 . The franchise has a useful life of 50 years, Now- Developed a new product, incurring $139,000 in research and development costs during December. A patent was Dec gantod for the product on Januairy 1,2024