The intangible assets section of Bramble Corporation's balance sheet at December 31, 2022, is presented here. Patents ($86,200 cost less $8,620 amortization) Copyrights ($59,000 cost less $48,000 amortization) Total $78,800 11,000 $89,800 The patent was acquired in January 2022 and has a useful life of 10 years. The copyright was acquired in January 2016 and also has a useful life of 10 years. The following cash transactions may have affected intangible assets during 2023. Jan. 2 Paid $45,000 legal costs to successfully defend the patent against infringement by another company. Jan.- June Developed a new product, incurring $240,000 in research and development costs. A patent was granted for the product on July 1, and its useful life is equal to its legal life. Legal and other costs for the patent were $20,000. Sept. 1 Paid $48,500 to a quarterback to appear in commercials advertising the company's products. The commercials will air in September and October Oct. 1 Acquired a copyright for $277,000. The copyright has a useful life and legal life of 50 years. Prepare journal entries to record the transactions. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 2 A Patents 45000 Cash 45000 Jan-June Research and Development Expense 240000 Cash 240000 July 1 Patent 20000 Cash 20000 Sept. 1 Advertising Expense 48500 Cash 48500 Oct. 1 Copyrights JC 277000 277000 Cash 277000 Prepare journal entries to record the 2023 amortization expense for intangible assets. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Amortization Expense Accumulated Depreciation-Plant Assets (To record amortization of patents) Dec. 31 Amortization Expense Accumulated Depreciation-Plant Assets (To record amortization of copyrights) Prepare the intangible assets section of the balance sheet at December 31, 2023. Bramble Corporation Balance Sheet (Partial) December 31, 2023 Intangible Assets Patents Copyrights Total Intangible Assets