Jada Company had the following trunsactions during the year: - Purchased a machine for $500,000 using a long-term note to fitiance ir - Paid $500 for ordinary repair - Purchnsed a patent for $45,000 casi - Paid $200,000 cash for addition to an existing building - Paid $60,000 for monthly salinics - Paid $250 for routine maintenance on equipment - Paid $10,000 for extraordinary repairs If all transictions were recorded properiy. what amount did Jada capitalize for the year, and what amount did Jada expane for the year? Solution