On July $1,2025,$ Sheffield Corporation purchased Johnson Company by paying $$188,400$ cash and issuing a $$64,800$ note payable to Steve Johnson. At July,$1,2025,$ the balance sheet of Johnson Company was as follows: Cash $39300$ Accounts payable $163000$ Accounts Receivable $67600$ Stockholders' equity $165600$ Inventory $74400328600$ Land $30100$ Building $($net$)56100$ Equipment $($net$)53500$ Copyrights $7600328600$ The recorded amounts all approximate current fair values expect for land $($worth $$44,300),$ inventory $($ worth $$94,300),$ and copyrights $($worth $$11,100)$ a$)$ Prepare the July $1$ entry for Sheffield Corporation to record the purchase. B$)$ Prepare the December $31$ entry for Sheffield Corporation to record amortization of intangibles. The copyrights have an estimated remaining life of $4$ years with a residual value of $$2,100.$