3. Daisy Company incurred research and development costs of $300,000 in 2018 in developing a new product. Prepare the necessary journal entry for recording this event at year end on December 31, 2018 5 (10 Points) Dr. Research and Development Expense 300,000// Cr. Cash 300,000 Dr. Cash 300,000// Cr. Research and Development Expense 300,000 Dr. Patent 300,000// Cr. Cash 300,000 Dr. Research and Development Expense 300,000// Cr. Cash 300,000