Problem 9-05A a-c (Part Level Submission) The intangible assets section of Bramble Corporation's balance sheet at December 31, 2022, is presented here. Patents ($86,200 cost less $7,400 amortization) Copyrights ($59,000 cost less $48,000 amortization) Total $78,800 11,000 $89,800 The patent was acquired in January 2022 and has a useful life of 10 years. The copyright was acquired in January 2016 and also has a useful life of 10 years. The following cash transactions may have affected intangible assets during 2023. the patent were $20,000. Jan. 2 Paid $45,000 legal costs to successfully defend the patent against infringement by another company. Jan.- June Developed a new product, incurring $240,000 in research and development costs. A patent was granted for the product on July 1, and its useful life is equal to its legal life. Legal and other costs Sept. 1 Paid $48,500 to a quarterback to appear in commercials advertising the company's products. The commercials will air in September and October. Oct. 1 Acquired a copyright for $277,000. The copyright has a useful life and legal life of 50 years. (b) | Your answer is partially correct. Try again. Prepare journal entries to record the 2023 amortization expense for intangible assets. (Credit account titles are au enter o for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Amortization Expense 13620 Patents 13620 (To record amortization of patents) Dec. 31 Amortization Expense 7285 7285 Copyrights (To record amortization of copyrights) Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS