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During 2021, Cheyenne Corporation spent $149.760 in research and development costs. As a result, a new product called the New Age Piano was patented. The

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During 2021, Cheyenne Corporation spent $149.760 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 legallife of 20 years and a usefut life of 10 years. Cegal costs of $23,760 related to the patent were incurred as of October 1,2021. (a) Prepare all journal entries required in 2021 and 2022 as a result of the transactions above. (Credit account titer are automatically indented when amount is entered. Do fot indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Ust all debit entries before credit entries. Record entries in the order displayed in the probiem statemenc) (To record research and development expenses) (To record lega( expenses) (To record amortization expnse)

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