4.Patent 101 for Apple had the following capitalized costs for the patent : R&D laboratory costs $790k, Rent $700k, and Legal fees $560k for the years 2010-2014. Patent 101 was approved by the US Patents office in 2015. The patent was capitalized and to be amortized using the Units of Production method on the basis of estimated retail sales for the next 5 years estimated at $150 million for 5 years. Patent had no salvage value. Actual retail sales resulting from the patent were as follows: Year 1 sales $16 million, Year 2 sales $16 million, Year 3 sales $25 million, Year 4 sales $51 million, and Year 5 sales $10 million. A) Make the Journal Entry to capitalize the total patent costs on January 1, 2015 B) Make the Journal Entry to amortized the first year 2015 amortizing patent costs on December 31, 2015 C) On January 1, 2016 patent 101 was sold to Google for $400,000 in Google Common stock at Par. Journalize the sale using the Market Basis valuation (Where investment is listed as Asset on the Balance Sheet at historical cost)