As the recently appointed auditor for Blossom Corporation, you have been asked to examine selected accounts before the six-month financial statements of June 30, 2020, are prepared. The controller for Blossom Corporation mentions that only one account is kept for intangible assets. The entries in Intangible Assets since January 1, 2020, are as follows: Prepare the entry or entries needed to correct this account. Assume that the patent and the development costs have a useful life of 10 years and that Blossom 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 0 for the amounts. Round answers to 0 decimal places e.g. 5,275.) 2. Amortization Expense 2700 Accumulated Amortization - Patents (To record amortization expense) 3. Amortization Expense \begin{tabular}{|l||} \hline 1775 \\ \hline \hline \end{tabular} Accumulated Amortization - Development Costs (To record amortization expense)