Freitas Corporation was organized early in 2021. The following expenditures were made during the first few months of the year on should report in its 2021 income 10-33 Intangibles start-up costs LO10-1, LO10-8 statements according to Imernain Fo Attorneys' fees in connection with the organization of the corporation State filling fees and other incorporation costs $ 12,000 3,000 20,000 Purchase of a patent Legal and other fees for transfer of the patent Purchase of equipment Preopening salaries and employee training 2,000 nternational Financial Reporting Sundat d to the development of a chip o ke ale 30,000 40,000 Total $107,000 Required Prepare a summary journal entry to record the $107,000 in cash expenditures. $3,450,000 330,000