Prepare the journal entry or entries needed to correct this account. Allocate rent between the prepaid and expense accounts at Jun 30. Assume that the patent and the development costs have a useful life of 10 years and that Sunland follows IFRS. ICredit occount tules are atomatically indented when the anount is entered. Do not indent manubily. If no entry is required, select "No Entry" for the occount tutes and enter ofor the amounts Lst alf debilt entries be/ore credit entries, Round answers to 0 declmal places, es, 5, 125J 0 Prepare the journal entry or entries needed to correct this account. Allocate rent between the prepaid and expense accounts at Jun 30. Assume that the patent and the development costs have a useful life of 10 years and that Sunland follows IFRS. ICredit occount tules are atomatically indented when the anount is entered. Do not indent manubily. If no entry is required, select "No Entry" for the occount tutes and enter ofor the amounts Lst alf debilt entries be/ore credit entries, Round answers to 0 declmal places, es, 5, 125J 0