The intangible assets section of Pronghorn Corporations balance sheet at December 31, 2022, is presented here.

Patents ($83,100 cost less $7,400 amortization)		$75,700
Copyrights ($37,000 cost less $23,100 amortization)		13,900
Total		$89,600

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 $63,000 legal costs to successfully defend the patent against infringement by another company.
Jan.	June		Developed a new product, incurring $233,000 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 $68,000 to a quarterback to appear in commercials advertising the companys products. The commercials will air in September and October.
Oct.	1		Acquired a copyright for $209,000. The copyright has a useful life and legal life of 50 years

(b)

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 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 31
	(To record amortization of patents)
Dec. 31
	(To record amortization of copyrights)