The intangible assets and goodwill reported by Blossom Corporation at December 31, 2020, follow Copyrights ( 1) $37,500 Less Accumulated amortization 18,750 $ 18,750 Trademarks 57,280 Goodwill 135,630 Total $211,660 A copyright ( 1) was acquired on January 1, 2019, and has a useful life of four years The trademarks were acquired on January 1, 2017, and are expected to have an indefinite life The company has a December 31 year end and prepares adjusting journal entries annually The following cash transactions may have affected intangible assets and goodwill during 2021 Jan 5 Paid $6,510 in legal costs to successfully defend the trademarks against infringement by another company July 1 Developed a new product, incurring $202,020 in research and $46,000 in development costs with probable future benefits The product is expected to have a useful life of 20 years Sept 1 Paid $58,300 to a popular hockey player to appear in commercials advertising the companys products The commercials will air in early September Oct 1 Acquired another copyright ( 2) for $183,000 The new copyright has a useful life of six years Dec 31 Determined the fair value of the goodwill to be $96,830 There was no indication that the copyrights or trademarks were impaired (a) Prepare journal entries to record the above transactions (List all debit entries before credit entries Credit account titles are automatically indented when the amount is entered Do not indent manually If no entry is required, select No Entry for the account titles and enter 0 for the amounts Record journal entries in the order presented in the problem )

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The intangible assets and goodwill reported by Blossom Corporation at December 31, 2020, follow: Copyrights (#1) $37,500 Less: Accumulated amortization 18,750 $ 18,750 Trademarks 57,280

The intangible assets and goodwill reported by Blossom Corporation at December 31, 2020, follow:

Copyrights (#1)	$37,500
Less: Accumulated amortization	18,750	$ 18,750
Trademarks		57,280
Goodwill		135,630
Total		$211,660

A copyright (#1) was acquired on January 1, 2019, and has a useful life of four years. The trademarks were acquired on January 1, 2017, and are expected to have an indefinite life. The company has a December 31 year end and prepares adjusting journal entries annually. The following cash transactions may have affected intangible assets and goodwill during 2021:

Jan.	5	Paid $6,510 in legal costs to successfully defend the trademarks against infringement by another company.
July	1	Developed a new product, incurring $202,020 in research and $46,000 in development costs with probable future benefits. The product is expected to have a useful life of 20 years.
Sept.	1	Paid $58,300 to a popular hockey player to appear in commercials advertising the companys products. The commercials will air in early September.
Oct.	1	Acquired another copyright (#2) for $183,000. The new copyright has a useful life of six years.
Dec.	31	Determined the fair value of the goodwill to be $96,830. There was no indication that the copyrights or trademarks were impaired.

(a)

Prepare journal entries to record the above transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)