The intangible assets section of Indigo Corporation's balance sheet at December 31,2025 , is presented here. The patent was acquired in January 2025 and has a useful life of 10 years. The copyright was acquired in January 2019 and also has a useful life of 10 years. The following cash transactions may have affected intangible assets during 2026. Jan.2 Paid $56,160 legal costs to successfully defend the patent against infringement by another company. Jan-June Developed a new product, incurring $276,000 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 $24,000. Sept. 1 Paid $48,000 to a quarterback to appear in commercials advertising the company's products. The commercials will air in September and Ootober. Oct. 1 Acquired a copyright for $240,000. The copyright has a useful life and legal life of 50 years. Your answer is partially correct. Prepare journal entries to record the transactions. (List debit entry before credit entry. Record entries in the order displayed in the problem statement. Credit occount tities are outomatically indented when amount is entered, Do not indent monuolly. If no entry is required, select 'No Entry' for the account titles and enter O for the amountsi) Prepare journal entries to record the 2026 amortization expense for intangible assets. (List debit entry before credit entry. Credit account titles are outomatically 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) Prepare the intangible assets section of the balance sheet at December 31, 2026