On June 1, 2023, Flounder spent $9,920 to successfully prosecute a patent infringement suit. As a result, the estimate of useful life was extended to 12 years from June 1, 2023. Prepare all journal entries required in 2023 and 2024 . (Credit occount titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. List all debit entries before credit entries. Record entries in the order displayed in the problem statement.) During 2021. Flounder Corporation spent $151200 in research and dvelopment costs. As a result, a neW product called the New Age Piano was patented. The patent was obtained on October 1, 2021, and had a leeal life of 20 years and a useful hife of 10 years. Legal costs of $19,200 related to the patent were incurred as of October 1,2021 (a) Prepare all journal entries required in 2021 and 2022 as a result of the transactions above. (Credit account titles are outamatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles ond enter O for the amounts. List oll debit entries before credit entries. Record entries in the order displayed in the problem statement.)