Problem 10-4 Intangibles (LO10-1, 10-8] The Horstmeyer Corporation commenced operations Cailyn 2018 Anumber of expenditures were made during 2018 that were debiled to one account called intangible asset Arecap of the $180 500 balance in this account at the end of 2018 is as follows. the corporation State Incorporation fees and it costs related to 3/1/18 Fire Insurance presiun for three yee period 1/15/18 Purchased copyright 6/15/18 Legal fees for thing a patent on product resulting from 9/30/la Leal fee for successful defense of patient d one 10/13/18 Fetered into . 1 year franchise free with franchisor Various Advertising costs D e t Required: Prepare the necessary journal entry to clear the intangible asset account and to set up accounts for separate intangible assets, other types of assets, and expenses indicated by the transactions. If no entry is required for a transaction event select "No journal entry required in the first account field.) Journal entry worksheet Record the entry to redassily various expenditures incorrectly charged to th View ournal