In 2024, Bratten Fitress Company made the following cash purchases: 1. The exclusive right to manufacture and sell the X-Core workout equipment from Symmetry Corporation for $216,000. Symmetry created the unique design for the equipment. Bratten also paid an additional $10,500 in legal and fling fees to attorneys to complete the transaction. 2. An initial fee of $325,000 for a three-year agreement with Silver's Gym to use its name for a new focility in the local area. Siver's Gym has locations throughout the country. Bratten is required to pay an additional fee of $6,600 for each month it operetes under the Silver's Gym name, whin payments beginning in March 2024. Bratten also purchased $416,000 of exerclse equipment to be placed in the new faclility. 3. The exclusive right to sell Heallby Choice, a book authored by Kent Patterson, for $35,000. The book includes healtiry recipes, recommendations for dietary supplements, and natural remedies. Bratten pians to display the book at the check-In counter at its new faclity, as well as make it avollable oniline. Required: Prepare a summary joumal entry to record expenditures related to initial acquisitions. Note: if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the expenditures related to initial acquisitions. Note: Enter debits before credits