During 2021, Ayayai Corporation spent \$175,680 in research and development costs. As a result, a new product called the New Age Piano was patented. The patent was obtained on October 1, 2021 , and had a legal life of 20 years and a usefullife of 10 years. Legal costs of $49,680 related to the patent were incurred as of October 1, 2021. (a) Prepare all journal entries required in 2021 and 2022 as a resuit of the transactions above. (Credit account titles are outomaticolly indented when amount is entered. Do not indent manually If no entry is required, select "No Entry" for the occount titles and enter o for the amounts. List all debit entries before credit entries. Record entries in the order displayed in the problem statement) Gour answer is partially correct. On June 1. 2023. Ayayai spent $10,440 to successfully prosecute a patent infringement suit. As a result, the estimate of useful life was extended to 12 years from June 1, 2023. Prepare all journal entries required in 2023 and 2024. (Credit occount titles are cutomatically indented when amount is entered. Do not indent manuolly if no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. (ist all debit entries before credit entries. Record entries in the order displayed in the problem statement) In 2025. Ayayai determined that a competitor's product would make the New Age Plano obsolete and the patent worthless by December 31,2026. Prepare all journal entries required in 2025 and 2026 , (Credit occount titles are outomatically indented when amount is entered, Do not indent manually If no entry is required, select "No Entry" for the account tities and enter O for the amounts. List debit entry before creditentry)