Grouper Corporation commenced operations in early 2017. The corporation incurred $57,440 of costs such as fees to underwriters, legal fees, state fees, and promotional expenditures during its formation. Prepare journal entries to record the $57,440 expenditure and 2017 amortization, if any.

List of Accounts Prepare journal entries to record the $57,440 expenditure and 2017 amortization, if any. (Credit indent manually. If no entry is required, select "No entry" for the account titles and en Brief Exercise 12-11 Account Titles and Explanation Debit Credit Accounts payable Accounts Receivable Advertising Expense Amortization Expense (To record organization expense) Buildings Cash Computer Software Costs Copyrights Discount on Bonds Payable To record amortization expense) Equipment Franchises Goodwi Income Summary Intangible Assets Interest Expense Inventory Land Legal Fees Expense Loss on Impairment Long-term Notes Payable No Entry Notes Payable Organization Expense Paid-in Capital in Excess of Par Common Stock Patents Patent Expense Prepaid Rent Recovery of Loss from Impairment Rent Expense Rent Receivable Rent Revenue Research and Development Expense Retained Earnings Trade Names Trademarks