Pro76 Due to raped employee turnover the counting department, the following trains involving the red by 1. 2. Oy 1, 2017, Ayew purchased al company recorded il 48.000 ha 2017. The Indicate the accounts and mount to worse or decrease to correct any errors made during 2017, No. Increase Decrease (to come the error made in recording arch and development com 2 Chick you would like to show Work for the questioni CALCULATOR FULL SCREEN PRINTER VERSION NE Problem 76 Due to rapid employee turnover in the accounting department, the following transactions involving intangible assets were improperly recorded by Ayal Corporation 1. Ayayal developed a new manufacturing process, incurring research and development costs of $150,100. The company also purchased a patent for $40,200. In early January, Aywal capitalized $190,300 as the cost of the patents. Patent amortization expense of $9,515 was recorded based on a 20-year useful life 2. On July 1, 2017, Ayayal purchased a small company and as a result recorded goodwill of 48,000. Ayayal recorded a half year's amortization in 2017, based on a 20-year life (51,200 amortization). The goodwill has an indefinite life. Indicate the account titles and amounts to increase or decrease to correct any errors made during 2017, No. Increase / Decrease Account Titles Amount 1. $ $ (To correct the error made in recording research and development costs) $ $ (To correct the error made in recording amortization expense) 1. DO OD (To correct the error made in recording research and development costs) $ $ (To correct the error made in recording amortization expense) 2. $ Click if you would like to Show Work for this question: Open Show Work