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Wildharse Corporation has the following selected transactions during the year ended December $31,2024$:

Jan. $1$ Purchased a copyright for $$117,510$ cush. The copyright has a useful life of six years and a remaining legal life of

$30$ years.

Mar. $1$ Acquired a franchise with a contract period of nine years for $$551,610$; the expiration date is March $1,2033.$

Paid cash of $$39,240$ and borrowed the remainder from the bark.

Sept. $1$ Purchased a trademark with an indefinite life for $$78,720$ cash. As the purchase was being finalized, spent

$$36,090$ cash in legal fees to successfully defend the trademark in court.

Dec. $31$ Purchased an sdvertising agency for $$622,000$ cash. The agency's anly assets reported on its statement of

financial position immediately before the purchase were accounts receivable of $$53,500,$ furniture of $$161,000,$

and leasehold improvements of $$302,000.$ Wildhorse hired an independent appraiser who estimated that the fair

value of these assets was accounts receivable $$53,500,$ furriture $$171,000,$ and leasehold improwements

$$327,000.$ Wildherse is not assuming any liabilities pertaining to the agency$-$

$($a$)$

Prepare the entries to record the abowe transactions. $($List all debit entries before credit entries. 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. Recond journal entries in the order presented in the problem.$)$

Date

Account Titles and Explanation

Debit

Credit

$($To record purchase of trademark$)$

$($To record costs incurred to defend trademark$)($PLEASE POST THE DATES AS WELL$)$

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