The following information relates to the intangible assets of University Hero: a. On January 1, 2021, University Hero completed the purchase of Whole Grain Foods for $800,000 in cash. The fair value of the identifiable net assets of Whole Grain Foods was $625,000. b. Included in the assets purchased from Whole grain Foods was a patent valued at $75,000. The original legal life of the patent was 20 years. There are still eight years left on the patent, but University Hero estimates the patent will be useful for only three more years. c. University Hero acquired a franchise on July 1, 2021, by paying an initial franchise fee of $100,000. The contractual life of the franchise is five years. Required: 1. Record amortization expense for the intangible assets at December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 Record the amortization on goodwill. Note: Enter debits before credits