Due to rapid employee turnover in the accounting department, the following transactions involving intangible assets were improperly recorded by Pina Corporation 1 Pina developed a new manufacturing process, incurring research and development costs of $158,000. The company also purchased a patent for $51,200. In early January, Pina capitalized $209,200 as the cost of the patents. Patent amortization expense of $10,460 was recorded based on a 20-year useful life. 2. On July 1, 2017, Pina purchased a small company and as a result recorded goodwill of $60,000. Pina recorded a half-year's amortization in 2017, based on a 20-year life ($2,000 amortization). The good will has an indefinite Wife Indicate the account titles and amounts to increase or decrease to correct any errors made during 2017, Indicate the account titles and amounts to increase or decrease to correct any errors made during 2017. No. Increase / Decrease Account Titles Research and Development Expense Amount 1. 158000 Patents 158000 (To correct the error made in recording research and development costs) $ (To correct the error made in recording amortization expense) 2. $ Click if you would like to Show Work for this question: Open Show Work