During 2021, Monty Corporation spent $156,960 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 useful life of 10 years. Legal costs of $32,400 related to the patent were incurred as of October 1,2021. (a) Prepare all joumal entries required in 2022 and 202235 a result of the transactions above. (Credit occount tities are automotically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tittes and enter 0 for the amounts. (Ist oli debit entries before credit entries. Record entries in the order displayed in the problem statement)