Required information (The following information applies to the questions displayed below.) The following information relates to the intangible assets of Lettuce Express: a. On January 1, 2021, Lettuce Express completed the purchase of Farmers Produce, Inc., for $1,540,000 in cash. The fair value of the identifiable net assets of Farmers Produce was $1,386,000. b. Included in the assets purchased from Farmers Produce was a patent for a method of processing lettuce valued at $44100. The original legal life of the patent was 20 years. There are still 12 years left on the patent, but Lettuce Express estimates the patent will be useful for only 9 more years. c. Lettuce Express acquired a franchise on July 1, 2021, by paying an initial franchise fee of $206,400. The contractual life of the franchise is eight years. Required: 1. Record amortization expense for the intangible assets at December 31, 2021. (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list X Record the amortization on goodwill. 2. Record amortization on the patent 3 Record amortization on the franchise rights. Required: 1. Record amortization expense for the intangible assets at December 31, 2021. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the amortization on goodwill. Note: Enter debits before credits Transaction General Journal Dobit Credit Record entry Clear entry View general Journal