The following information relates to the intangible assets of Lettuce Express a. On January 1, 2018, Lettuce Express completed the purchase of Farmers Produce, Inc., for $1,490,000 in cash. The fair value of the identifiable net assets of Farmers Produce was $1,341,000. on the patent but Lettuce Exoress estimetor the patert udil i d for only 11 mo processing lettuce valued at $48.400. The original legal life of the patent was 20 years. There are still 17 years left c. Lettuce Express acquired a franchise on July 1, 2018, by paying an initial franchise fee of $148,800. The contractual life of the franchise is six years. value Required information 1,00 points Required: 1. Record amortization expense for the intangible assets at December 31, 2018. (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 3 1 Record the amortization on goodwill. Note: Enter debits before credits. General Journal Transaction Debit Credit 14. value: 1.00 points 2. Prepare the intangible asset section of the December 31, 2018, balance sheet. LETTUCE EXPRESS Balance Sheet December 31, 2018 (Intangible Assets Section) Intangible Assets Total intangible assets