Need assistance with the following exercise

Problem 97A (Part Level Submission) The intangible assets section of Glover Company at December 31, 2013, is presented below. Patents ($77,200 cost less $7,720 amortization) $69,480 Franchises ($39,900 cost less $15,960 amortization) 23,940 Total $93,420 The patent was acquired in January 2013 and has a useful life of 10 years. The franchise was acquired in January 2010 and also has a useful life of 10 years. The following cash transactions may have affected intangible assets during 2014. Jan. 2 Paid $53,100 legal costs to successfully defend the patent against infringement by another company. Jan.-June Developed a new product, incurring $138,260 in research and development costs. A patent was granted for the product on July 1. Its useful life is equal to its legal life. Sept. 1 Paid $59,240 to an extremely large defensive lineman to appear in commercials advertising the company's products. The commercials will air in September and October. Oct. 1 Acquired a franchise for $126,000. The franchise has a useful life of 50 years. (a) Your answer is partially correct. Try again. Prepare journal entries to record the transactions above. (Record journal en the problem. Credit account titles are automatically indented when amou manually.) Date Account Titles and Explanation Prepare journal entries to record the 2014 amortization expense. indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Dec. 31 (To record patents amortization.) Dec. 31 (To record franchises amortization.) Click if you would like to Show Work for this