The Horstmeyer Corporation commenced operations early In $2024.$ A number of expendltures were made during $2024$ that were

deblted to one account called Intanglble asset. A recap of the $$201,000$ balance in this account at the end of $2024$ is as follows:

Requlred:

Prepare the necessary Journal entry to clear the Intanglble asset account and to set up accounts for separate Intanglble assets, other

types of assets, and expenses Indicated by the transactions.

Note: If no entry Is requlred for a transaction$/$event$,$ select $"$No journal entry required" In the first account fleld.