The intangible assets section of Bramble Corporation's balance sheet at December 31, 2022 is presented here. Patents (579,900 cost less $7.990 amortization) Copyrights ($53,000 cost less $41,500 amortization) Total $73.400 11.500 $84.900 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 Pald $36,000 legal costs to successfully defend the patent against Infringement by another company Jan-June Developed a new product incurring $254,500 in research and development costs. Apatent 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 $30,000 Sept 1 Paid $70,000 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 $207,000. The copyright has a useful life and legal life of 50 years. Your answer is correct. Prepare journal entries to record the transactions.(Record entries in the order dikalayed 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 for the amounts) Date Credit Account Titles and Explanation Patents Debit 2000 Jun.2 Cash 26000 Jan. June Research and Development Expense 254500 Cash 254500 Patents 30000 Cash 30000 Sept 1 Advertising Expense 70000 Oct. 1 Copyrights Cash 207000 eTextbook and Media List of Accounts 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 antry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Dec. 31 Amortization Expense Patents (To record amortization of patents) Amortization Expense Dec. 31 Copyrights (To record amortization of copyrights)