The intangible assets section of Pharoah Company's balance sheet at December 31, 2022, is presented here. Patents ($ 62,000 cost less $6,200 amortization) $ 55,800 Copyrights ($ 53,300 cost less $ 37,310 amortization) 15,990 Total $ 71,790 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 Jan.-July Paid $ 27,000 legal costs to successfully defend the patent against infringement by another company. Developed a new product, incurring $ 133,000 in research and development costs during February. 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 $ 46,000 to a quarterback to appear in commercials advertising the company's products. The commercials aired in September Oct. 1 Acquired a copyright for $ 120,000. The copyright has a useful life and legal life of 50 years. Prepare journal entries to record the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. 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 + Patents 27000 Cash 27000 Jan-June Research and Development Expense INT 133000 Cash 133000 July 1 Patents 20000 Cash 20000 Sept. 1 + Advertising Expense 46000 Cash 46000 Oct. 1 Copyrights 120000 Cash 120000 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. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit (To record patents amortization) (To record copyrights amortization)