Melissa Company, which was organized in January 2020, recorded the following transactions during the year in a single account called Intangible Assets:

	Intangible Assets
2020
January 2	State incorporation fees	$10,000
January 2	Legal fee to incorporate	20,000
January 3	Underwriter fees for handling stock issue	45,000
March 1	Patent acquired from Laura Company	240,000
June 1	Employee training costs-see note	20,000
December 1	Legal costs incurred to defend patent acquired on Mar. 1
	(Melissa Co. won the lawsuit)	110,000
December 1	Discount on bonds payable	450,000
January December	R&D costs incurred for new product development	180,000
December 31	Catering costs for board of directors' meeting	12,000
December 31	Ending balance	$1,087,000

Note: The president of Melissa has stated that she believes the employee training costs have resulted in goodwill.

Required:

a.	Prepare an entry as of December 31, 2020, to reclassify the items from the intangible assets account to the appropriate accounts.
b.	Prepare the adjusting entry or entries required to amortize any intangible assets recorded or remaining from requirement a. Patents are estimated to have a ten-year economic life. Any other intangible assets recognized should be amortized over their legal life. Record amortization to the nearest month, using the straight-line method. Round your final answer to the nearest whole dollar.