Due to rapid employee turnover in the accounting department, the following transactions involving intangible assets were improperly recorded by Sarasota Corporation. 1 2 Sarasota developed a new manufacturing process, incurring research and development costs of $187,300. The company also purchased a patent for $59,800. In early January, Sarasota capitalized $247,100 as the cost of the patents. Patent amortization expense of $12.355 was recorded based on a 20-year useful life. On July 1, 2022, Sarasota purchased a small company and as a result recorded goodwill of $56,000. Sarasota recorded a half- year's amortization in 2022, based on a 20-year life ($1,400 amortization). The goodwill has an indefinite life. Prepare all journal entries necessary to correct any errors made during 2022. Assume the books have not yet been closed for 2022 (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 O for the amounts.) No. Account Titles and Explanation Debit Credit 1. (To correct the error made in recording research and development rnstel