Problem 9-7A (Part Level Submission) The intangible assets section of Bramble Company at December 31, 2016, is presented below. Patents ((68,100 cost less (6,810 amortization) Franchises (E39,700 cost less E15,880 amortization) E61.290 23,820 Total E85.110 The patent was acquired in January 1, 2016 and has a useful life of 10 years. The franchise was acouired in January 1, 2013 and also has a useful ife of 10 years. The folleowing cash transactions may have affected intangble assets during 2017 Pald E53,910 legal costs to successfuly defend the patent against infringement by another company Developed a new product, incurring E114,300 in research costs and E70,700 in development costs prior to technological feasibiity. A patent was granbed for the product on July 1. Its useful life is equel to its 20-year Jan. 2 Jan-Juner legal ife. Paid E56,920 to an extremely large defensive lineman to appear in commercials advertising the company's products. The commercials will air in September and October Sept. 1 Oct. 1 Acquired a franchise for E137,600. The franchise has a useful life of 40 years. (a) Prepare journal entries to record the transactions above. (Record journal entries in the order presented in the problem, Credit account tities are automatically indented when amount is entered, Do not indent manually.) Credit Debit Account Titles and Explanation Date Attempts: 0 of 2 used "(b) dacBook PrO