Exercise 12-9 In 2020, Sandhill Corp. spent $416,900 on a research project, but by the end of 2020 it was impossible to determine whether any benefit would come from it. Sandhill prepares financial statements in accordance with IFRS. The research project is completed in 2021, and a successful patent is obtained. The research phase costs to complete the project are $80,700. The administrative and legal expenses incurred in obtaining patent number 481-761-0092 on January 3, 2021, total $14,900. The patent has an expected useful life of five years. Sandhill Corp. will now begin investigating applications that use or apply the knowledge obtained on this project. Record these costs in journal entry form. Also, record patent amortization for a full year in 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit (To record research phase costs assuming the criteria are not fulfilled for the development phase) (To record legal and administrative costs incurred to obtain patent) (To record one year's amortization expense) SHOW LIST OF ACCOUNTS In January 2022, the company successfully defended the patent in litigation at a cost of $13,190. The victory extended the patent's life to December 31, 2030. What is the proper way to account for this cost? Also, record patent amortization for a full year in 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Round answers to 0 decimal places, e.g. 5,275.) Account Titles and Explanation Debit Credit (To record legal cost of successfully defending patent) (To record one year's amortization expense) SHOW LIST OF ACCOUNTS