Cleat Corp. changed its policy for accounting for certain staff training costs in 20X5. Previously, the costs were capitalized and amortized straight-line over three years, starting with the year of the expenditure. The new policy is to expense training costs as incurred. A total of $45,000 was spent in 20X3, $0 in 20X4, and $60,000 in 20X5. The 20X5 expense has not yet been recorded, but the $60,000 was capitalized to the intangible asset when the money was spent. The tax rate is 30%. Required: 1. This part of the question is not part of your Connect assignment. 2. Calculate the original and revised expense for 20X3-20X5, inclusive. (Leave no cells blank - be certain to enter "0" wherever required.) Cumulative Amortization Expense Cumulative effect effect, after tax (1-0.30) 20X3 20X4 20X5 3. Provide the 20X5 entries to record 20X5 expense and to record the change. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet