Please answer the ones in RED. Thank You.

Question 5 During 2013, Swifty Corporation spent $174,240 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, 2013, and had a legal life of 20 years and a useful life of 10 years. Legal costs of $49,680 related to the patent were incurred as of October 1, 2013. Your answer is correct Prepare all journal entries required in 2013 and 2014 as a result of the transactions above. (Round answers to 0 decimal places, e.g. 8,564. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit 201 174240 Research and Development 174240 Cash (To record research and development expenses) 201 Patents 49680 49680 Cash (To record legal expenses) 201 Amortization Expense 1242 T T Patents 1242 (To record amortization expense) 201 Expense Amortization 4968 Patents 4968