The following transactions involving intangible assets of XYZ Corporation occurred on or near December 31, 2019. Complete the chart below by writing the journal entry(ies) needed at that date to record the transaction AND at December 31, 2019 to record any resultant amortization. If no entry is required at a particular date, write "none needed."

1. XYZ spent $600,000 developing a new manufacturing process. It has applied for a patent, and it believes that its application will be successful.

2. In January, 2019, XYZs application for a patent (above) was granted. Legal and registration costs incurred were $120,000. The patent runs for 20 years. The manufacturing process will be useful to Minton for 10 years.

3. In January, XYZ incurred $192,000 in successfully defending one of its francise in an infringement suit. The francise expires during December, 2022.