The following actions involving ofton Corporation occurred on December 31. 2020. Complete the chart below by writing the Journals needed to the transaction and December 01.2021 to con samortition entry is adat.write one beded" On De Transaction On December 31.2021 1. Minton aid Grand Company 5400.000 for the exclusive rute to particular product, using the Granda and logo in promotional mater. The franchise for as long as Minton is business 2 Minton spent $600,000 developing a new manufacturing process it has applied for a patent, and it believes that its application will be successful 3 In January, 2021 Minton application for a patent (2 abovel was granted. Legal and registration costs incurred were $210,000 The patent runs for 20 years. The manufacturing process will be useful to Minton for 10 years