As the recently appointed auditor for Ayayai Corporation, you have been asked to examine selected accounts before the 6- month financial statements of June 30, 2020, are prepared. The controller for Ayayai Corporation mentions that only one account is kept for intangible assets. The account is shown below. Intangible Assets Credit Jan.4 Jan.5 Jan. 31 Deblt 952.000 77,260 Balance 952.000 1,029,260 B4,700 1,113,960 B61,960 252.000 Feb. 11 March 31 Research and development costs Legal costs to obtain patent Payment of 7 months' renton property leased by Ayayai Premium on common stock Unamortized bond discount on bonds due March 31, 2040 Promotional expenses related to start-up of busines Operating losses for first 6 months 136,600 998,780 April 30 209,200 255.000 1,207,980 1,462,960 June 30 Prepare the entries necessary to correct this account Assume that the patent has a useful life of 10 years. (Credit account titles are automatically Indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) Account Titles and Explanation Debit Credit (To correct the account) (To record amortiztion expense)