The Horstmeyer Corporation commenced operations early in 2021. A number of expenditures were made during 2021 that were debited to one account called intangible asset. A recap of the $183,000 balance in this account at the end of 2021 is as follows: Date Transaction February 3 State incorporation fees and legal costs related to organizing the corporation March 1 Fire insurance premium for three-year period March 15 Purchased a copyright April 30 Research and development costs June 15 Legal fees for filing a patent on a new product resulting from an R&D project September 30 Legal fee for successful defense of patent developed above October 13 Entered into a 10-year franchise agreement with franchisor Various Advertising costs Total Amount $ 10,000 9,000 26,000 46,000 6,000 18,000 46,000 22,000 $183,000 Required: Prepare the necessary journal entry to clear the intangible asset account and to set up accounts for separate intangible assets, other types of assets, and expenses indicated by the transactions. (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