As the recently appointed auditar far Ivanhoc Corporation, you have been asked to cxaminc selected accounts before the six-month financial statements of June 30, 2020, are prepared. The controller for Ivanhoe Corporation mentions that only one account is kept for intangible assets. The cntries In Intangible Assets since January 1, 2020, are as follows: INTANGIBLE ASSETS Credit Jan 4 5 Debit 1,043 100 44.000 49.700 Balance 1043.100 1.084,100 1.138,200 843.300 1.000.300 1214.300 1538.300 Research posts Legal costs to obtain patent Payment of seven months' rent on property leased by Ivanhoe (February to August Proceeds from issue of common shares Promotional experses related to start-up of business Development stage costs (meet all development stage criteria Start-up costs for first six months at operations Feb 11 Aor. 30 June 1 30 295.500 165.000 210.000 320,000 Prepare the entry or entries reeded to correct this account. Assume that the patent has a useful life of 10 years and that Ivanhoe Corporation follows IFRS. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select 'No Entry for the account titles and enter O for the amounts No. Account Titles and Explanation Debit Credit (To correct intangble asset account Amortization Expense 2 Patents (To record amartization experes) Delivery Expense Depreciation Expense Development Casts Discountan Bonds Payable Due from Factor Due to Customer Equipment Far Value NI Investments Finance Expense Finance Revenue Franchises Freight in Freight-Out Gain on Disposal of Intangible Assets Gain on Sale of Equipment Gain on Sale of Land Goodwill Income Summary Intangible Assets Intangible s Copyrights Intangible Assets Customer List Intangible Assets Development Costs Intangible Assets Licences Intangible Asserts-Franchises Inet Intangible Assets Patents in Intangible Assets-Software Old! Intangible Pexets-Software New) Intangible Assets-Trademarks Intaneible Assets-Trade Names Interest Experise Interest Income Interest Receivabic Inventory Land Leasehold Imaravements Licences Licensing Agreement Loss on Disposal of Intangible Assets Loss on impairment Loss on Impairment Goodwill Loss on Impairment - Licences Loos on Impairmant - Trademarks Loss on Impairment. Copyrights Loss on impairment - Paters Loss on Sale of Copyright Loss on Salc of Receivables Machinery Maintenance and Repairs Experise Miscellannaus Experse No Entry Noces Payable Notes Receivable Office Expense Once Expense Bank Charges Operating Expenses Patents Petty Cash Prepaid Expenses Prepaid Rent Purchase Discounts Recovery of Loss from impairment Rent Expense Research and Development Expense Resource Llablity Retained Earnings Revaluation Gain or Loss Revaluation Surplus (OCI) Royalty Expense Sales Sales Discounts Sales Discounts Forfeited Sales Revenue Selling Expenses Servicing Liability Service Revenue Sick Pay Wages Payable Software Start-up Expenses Supplies Supplies Expense Trademarks Trade Names Unearned Revenue Unrealized Gain or Loss - FV-NI