Wildhorse Corporation began operations in 2024 and has these transactions related to intangible assets in that year: Jan. 2 Purchased a patent (5-year life) $282,000 Apr. 1 Goodwill purchased as part of an acquisition of another company $338,000 Jul. 1 Acquired a 9-year franchise; expiration date July 1, 2033 $507,600 Dec. 31 Determined that the recoverable amount of the patent and franchise to be $165,000 and $494,000 respectively. There was no indication that the goodwill was impaired. (a) Prepare the necessary entries to record these intangibles. Assume all costs incurred were for cash. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the 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. List all debit entries before credit entries.) Prepare any adjusting journal entries required at December 31, 2024. (Credit account titles are automatically indented when the 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. I ist all dehit entries hefore credit entries