In 2017, Wildhorse Corp. spent $396,300 on a research project, but by the end of 2017 it was impossible to determine whether any benefit would come from it. Wildhorse prepares financal statements in accordance with IFRS The research project is completed in 2018, and a successful patent is obtained. The research phase costs to complete the project are $79,900. The administrative and legal expenses incurred in obtaining patent number 481-761 0092 on January 3, 2018, total $14,500. The patent has an expected useful life of five years. Wildhorse 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 or a ull year in 2018 credit account tit es are automatical y ented when the amount is en ered. Do not indent manual .rno entr ,is qu red, Select No EntryM for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit To record the research phase costs) To record legal expenses) To record cne years amortization expense) Attempts:0 of 3 used