FULL SCREEN PRINTER VERSIO Exercise 9-9a-b Cullumber Corporation has the following selected transactions during the year ended December 31, 2018 Jan. 1 Purchased a copyright for $112,500 cash. 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 $518,130; the expiration date is March 1, 2027. Paid cash of $42,430 and borrowed the remainder from the bank. Sept. 1 Purchased a trademark for $70,760 cash. As the purchase was being finalized, spent $32,190 cash in legal fees to successfully defend the trademark in court. Your answer is correct. Prepare the entries to record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is select "No Entry for the account tities and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation son. I copyrights I Cash Bank Loan Payable I Cash Sept. 10 Your answer is partially correct. Try again. Prepare the entries to record any amortization at December 31. (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 for the amounts. Round answers to o decimal places, e.g. 5,275.) Debit Credit Date Account Titles and Explanation Dec. 31 Amortization Expense 3750 T 3 750 | Accumulated Amortization - Copyrights (To record amortization expense on copyrights) Dec. 31 Amortization Expense 575701 Accumulated Amortiration - Franchises T T 57570 (To record amortization expense on franchises)