On January 1, 2020, Creative Accounting (CA) Company capitalized $500,000 of costs it incurred to internally develop a patent. CA Company paid these costs in cash. It reported an amortization expense in the 2020 fiscal year for the patent. CA Company estimated the amortization expense for 2020 for the patent to be one tenth of the original cost. What is the effect of these journal entries on 2020 financial statements? Specifically, calculate the numerical impact on Net Income, Assets, Liabilities and shareholders equity