The following FIVE fransactions involving intangible assets of Vinci Corporation occurred during the year$2022$Write the journal entry$($ies$)$ needed at the date of transaction to record the transaction on the Company's books and at December $31,2023$ to record any amortization. If no entry is required at a particular date write"non needed"$1.$ Vinci paid Grand Company $$200,000$ for the exclusive right to market a particular product, using the Grand name and logo in promotionarmaterial. The franchise runs for as long as Vinci is in business. Vinci decided to amortize the franchise over $25$ years$\mathrm{.}2.$ The research project is completed in $2022,$ and successful patent is obtained. The research phase costs to complete the project are$$71,000\mathrm{.}3.$ In January $2022,$ Vinci $\text{'}$s application for a patent was granted.Vinci spent $$300,000$ to develop this patent. Legal and registration costs incurred were $$35,000.$ The patent runs for $17$ years from the grant date.The manufacturing process will be useful to Vinci for $10$ years$\mathrm{.}4.$ Vinci incurred $$90,000$ in costs to develop a new software product. This software was completed by December $31,2022.$ This development phase activities $($meet all six development phase criteria$).$ Vinci expects a useful life of eight years for this product$\mathrm{.}5.$ Vinci acquired an equipment cost $$120,000$ for use only in research and develonment nroiects over the nevt five vears $/$ Straiaht$-$line denreciation