In 2021, Space Technology Company modified its model 22 satellite to incorporate a new communication device. The company made the following expenditures Baste research to develop the technology Engineering design work Development of a prototype device Acquisition of equipment Testing and modification of the prototype Legal and other fees for patient application on the new communication system Legal fees for successful defense of the no patent Totul $2,300,000 740,000 360,00 56,000 260,000 46,000 26 cee $3,798,000 The equipment will be used on this and other research projects. Depreciation on the equipment for 2021 is $16,000. During your year-end review of the accounts related to intangibles, you discover that the company has capitalized all of the above as costs of the patent Management contends that the device simply represents an improvement of the existin communication system of the satelite and therefore, should be capitalized Required: Prepare correcting entries that reflect the appropriate treatment of the expenditures. Of no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View acto Journal entry worksheet 1 2 3 Record the correcting entry for R D costs