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LO 11.2 Jada Company had the following transactions during the year: - Purchased a machine for $600,000 using a long-term note to finance it -

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LO 11.2 Jada Company had the following transactions during the year: - Purchased a machine for $600,000 using a long-term note to finance it - Paid $500 for ordinary repair - Purchased a patent for $45,000 cash - Paid $200,000 cash for addition to an existing building - Paid $60,000 for monthly salaries i. Paid $250 for routine maintenance on equipment - Paid $10,000 for extraordinary repairs If all transactions were recorded properly, what amount did Jada capitalize for the year $ , and what amount did Jada expense for the year \$

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