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On January 1,2025, Oriole Company had a balance of $316,800 of goodwill on its balance sheet that resulted from the purchase of a small business in a prior year. The goodwill had an indefinite life. During 2025, the company had the following additional transactions Jan. 2 Purchased a patent (5-year life) $246,400. July 1 Acquired a 9-year franchise; expiration date July 1,2034, 5475,200 . Sept 1 Researchand developaent costs $162,800. Prepare the necessary entries to record the transactions rolated to intangibles. All costs incurred were for cash, (t ist debit entry before credit entry. Record entries in the order displayed in the problem statement. 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 tities and enter O for the amounts.) Make an entry as of December 31,2025, recording any necessary amortization (tist all debit entries before credit entries. Round answers to 0 decimal places, es- 125. Credit occount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, seiect "No Entry" for the account titles and enter 0 for the amounts.) Indicate what the intangible asset account balances should be on December 31,2025 Goodwill Patents Franchise

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