Oriole company owns bonds of another corporation that pay annual interest of $1,400.During 2021, Pina Corporation spent

$159,840

in research and development 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 legal life of 20 years and a useful life of 10 years. Legal\ costs of

$32,400

related to the patent were incurred as of October 1,2021.\ Prepare all journal entries required in 2021 and 2022 as a result of the transactions above. (Credit account titles are automatically

During 2021, Pina Corporation spent $159,840 in research and development 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 legal life of 20 years and a useful life of 10 years. Legal costs of $32,400 related to the patent were incurred as of October 1, 2021