As the recently appointed auditor for Sheffield Corporation, you have been asked to examine selected accounts before the $6-$month financial statements of June $30,2025,$ are prepared. The controller for Sheffield Corporation mentions that only one account is kept for intangible assets. The account is shown below.

$\backslash$table$[[$Intangible Assets$],[,,$Debit,Credit,Balance$],[$Jan$.4,$Research and development costs,$945,000,,945,000],[$Jan$.5,$Legal costs to obtain patent,$75,600,,1,020,600$

As the recently appointed auditor for Bridgeport Corporation, you have been asked to examine selected accounts before the $6-$month financial statements of June $30,2025,$ are prepared. The controller for Bridgeport Corporation mentions that only one account is kept for intangible assets. The account is shown below.

$\backslash$table$[[$Intangible Assets$],[,,$Debit,Credit,Balance$],[$Jan$.4,$Research and development costs,$933,000,,933,000],[$Jan$.5,$Legal costs to obtain patent,$72,720,6,1,005,720$