Freitas Corporation was organized early in 2018. The following expenditures were made during the first few months of the year: Attorneys' fees in connection with the organization of the corporation State filing fees and other incorporation costs Purchase of a patent Legal and other fees for transfer of the patent Purchase of equipment Pre-opening salaries and employee training Total $ 13,900 5,000 21,600 3,300 31,400 41,700 116,900 Required: Prepare a summary journal entry to record the $116,900 in cash expenditures. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)