In 2021, Bratten Fitness Company made the following cash purchases:The exclusive right to manufacture and sell the X-Core workout equipment from Symmetry Corporation for $212,000. Symmetry created the unique design for the equipment. Bratten also paid an additional $16,000 in legal and filing fees to attorneys to complete the transaction.An initial fee of $305,000 for a three-year agreement with Silver’s Gym to use its name for a new facility in the local area. Silver’s Gym has locations throughout the country. Bratten is required to pay an additional fee of $6,200 for each month it operates under the Silver’s Gym name, with payments beginning in March 2021. Bratten also purchased $412,000 of exercise equipment to be placed in the new facility.The exclusive right to sell Healthy Choice, a book authored by Kent Patterson, for $31,000. The book includes healthy recipes, recommendations for dietary supplements, and natural remedies. Bratten plans to display the book at the check-in counter at its new facility, as well as make it available online.Prepare a summary journal entry to record expenditures related to initial acquisitions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)Journal entry worksheetRecord the expenditures related to initial acquisitions.Note: Enter debits before credits.Transaction General Journal Debit Credit1