The following information relates to the intangible assets of University Testing Services (UTS):

! Required information [The following information applies to the questions displayed below.] The following information relates to the intangible assets of University Testing Services (UTS): a. On January 1, 2021, UTS completed the purchase of Heinrich Corporation for $3,306,000 in cash. The fair value of the net identifiable assets of Heinrich was $3,000,000. b. Included in the assets purchased from Heinrich was a patent valued at $92,400. The original legal life of the patent was 20 years; there are 12 years remaining, but UTS believes the patent will be useful for only eight more years. C. UTS acquired a franchise on July 1, 2021, by paying an initial franchise fee of $362,000. The contractual life of the franchise is 10 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 Journal entry worksheet Record the amortization on goodwill. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Journal entry worksheet Record amortization on the patent. Note: Enter debits before credits. Transaction General Journal Debit Credit b. Journal entry worksheet