Deadmaus Limited set up a single account for Intangible Assets in 2016. The following is a summary of the $1,349,000 debit balance in the account at December 31, 2016:

Jan 1 Purchased patent (8 year life) 320,000

March 31 Costs to search for new way to apply

Patent purchased Jan 2 21,000

April 1 Purchased goodwill as part of business 310,000

July 1 Purchased franchise with 10 year life

Expires July 1, 2026 250,000

July 1 Promotional costs to increase future

Benefit of goodwill 33,000

Aug 1 Payment for Copyright (5 year life) 140,000

Aug 1 Purchased trademark (3 year life) 15,000

Aug 1 Purchased customer list (7 year life) 21,000

Sep 1 Research costs 239,000

$1,349,000

Required:

a) Prepare the journal entry to clear the "Intangible Asset" account and set up the appropriate spate accounts for distinct types of intangibles and expenses.

b) Make the entries at December 31, 2016 to record amortization where required (pro-rate by month)

c) Provide the related intangible asset amounts reported on the Statement of Financial Position at December 31, 2016