can you do the required rules and all the transactions

Suppose Durtan paid $2.4 million for a patent related to an integrated system, including hands-free cell phone, GPS, and iPod connectivity. The company expects to install this system in its automobiles for eight years. Durtan will sell this as an "extra" for $1,000 In the first year, 10,400 units were sold. All costs per unit totalled $850. Required 1. As the CFO, how would you record transactions relating to the patent in the first year? 2. Prepare the income statement for the integrated system's operations for the first year. Evaluate the profitability of the integrated system's operations. Use an income tax rate of 32% 3. Explain what items were recorded as assets and why In the first year, 10,400 units were sold. All costs per unit totalled $850. Record the cost of sales transaction Journal Entry Date Accounts Debit Credit Accounts Receivable Accumulated Amortization-Patent Amortization Expense-Patent Cash Cost of Sales Income Tax Expense Income Tax Payable Operating Expenses Patent Sales Revenue