Holstrom Technologies conducted the following cash transactions on January 1. a. Prepare the journal entries to record each of the transactions. b. Assume that Holstrom acquired Durkin Development last year. Holstrom recorded the following intangible assets on the date of acquisition: Goodwill, $1,500,000 Durkin Development Trademark, $590,000 Renewable licenses, $40,000 Prepare the year-end adjusting entries required for each of Holstrom's intangible assets. Assume that the straight-line method is used and a full year's amortization is taken in the year of acquisition. c. Indicate the effects of these transactions on the current year-end income statement, balance sheet (excluding the effect on the cash balance), and cash flow statement using the direct and the indirect methods