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Prepare the entries to record any amortization at December 31, assuming Wildhorse records adjusting entries annually. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter Ofor the amounts.) Wildhorse Corporation has the following selected transactions during the year ended December 31, 2024: Jan. 1 Purchased a copyright for $117,510 cash. The copyright has a useful life of six years and a remaining legal life of 30 years: Mar. 1 Acquired a franchise with a contract period of nine years for $551,610; the expiration date is March 1, 2033. Paid cash of $39,240 and borrowed the remainder from the bank. Sept. 1 Purchased a trademark with an indefinite life for $78,720 cash. As the purchase was being finalized, spent $36,090 cash in legal fees to successfully defend the trademark in court. Dec. 31 Purchased an advertising agency for $622,000 cash. The agency's only assets reported on its statement of financial position immediately before the purchase were accounts receivable of $53,500, furniture of $161,000, and leasehold improvements of $302,000. Wildhorse hired an independent appraiser who estimated that the fair value of these assets was accounts receivable $53,500, furniture $171,000, and leasehold improvements $327,000. Wildhorse is not assuming any liabilities pertaining to the agency

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