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 s 12,000 3,000 20,000 2,000 30,000 40,000 107,000 Total Required: Prepare a summary journal entry to record the $107,000 in cash expenditures. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 Record the $107,000 in cash expenditures. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal