- Durigg 2021. Cheyenne Corporation spent $149,760 in recearchand development costs As aresult, a new product called the New Age Pimowas patented. The patent was obtained on Octobee 1, 2021, and had a legal ilite of 20 years and a useful life of 10 years. Legal costs of $23,760 related to the patent were incurred as of October 1, 2021 (3) - Your answer is partially correct Pregare all journal entries required in 2021 and 2022 as a result of the transactions above. VCredit account thtles are outomotically inowented when amount is entered, Do not indent manually if no entry s required, select "No fintry" for the decount tielei mend enter of for the arhounts. Lit all debit entrier hefore credit entries. Record entries in the order dipplayed in the problem statement.) On June 1, 2022, Cheyenne spent $9,000 to successfully prosecute a patent infringement silt. As a result, the estimate of useful life was extended to 12 years from June 1. 2023. Prepare all jpurnal entries required in 2023 and 2024. (Gredit account titles ore outomaticolly indented when amount is entered. Do not indent manuially if no cntry is requirnd, select "No Entry" for the occount tities and enter O for the ampunts. List all debit entries before credit entries. Aecard entries in the order digployed in the problem statement.) - Durigg 2021. Cheyenne Corporation spent $149,760 in recearchand development costs As aresult, a new product called the New Age Pimowas patented. The patent was obtained on Octobee 1, 2021, and had a legal ilite of 20 years and a useful life of 10 years. Legal costs of $23,760 related to the patent were incurred as of October 1, 2021 (3) - Your answer is partially correct Pregare all journal entries required in 2021 and 2022 as a result of the transactions above. VCredit account thtles are outomotically inowented when amount is entered, Do not indent manually if no entry s required, select "No fintry" for the decount tielei mend enter of for the arhounts. Lit all debit entrier hefore credit entries. Record entries in the order dipplayed in the problem statement.) On June 1, 2022, Cheyenne spent $9,000 to successfully prosecute a patent infringement silt. As a result, the estimate of useful life was extended to 12 years from June 1. 2023. Prepare all jpurnal entries required in 2023 and 2024. (Gredit account titles ore outomaticolly indented when amount is entered. Do not indent manuially if no cntry is requirnd, select "No Entry" for the occount tities and enter O for the ampunts. List all debit entries before credit entries. Aecard entries in the order digployed in the problem statement.)