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 $202,000. symmetry created the unique design for the equipment. bratten also paid an additional $11,000 in legal and filing fees to attorneys to complete the transaction. an initial fee of $255,000 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 $5,200 for each month it operates under the silver’s gym name, with payments beginning in march 2021. bratten also purchased $402,000 of exercise equipment to be placed in the new facility. the exclusive right to sell healthy choice, a book authored by kent patterson, for $21,000. 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.