Problem 7-6 Due to rapid employee turnover in the accounting department, the following transactions involving intangible assets were improperly recorded by Bramble Corporation. 1. Bramble developed a new manufacturing process, incurring research and development costs of $184,600. The company also purchased a patent for $50,600. In early January, Bramble capitalized $235,200 as the cost of the patents. Patent amortization expense of $11,760 was recorded based on a 20-year useful life. On July 1, 2017, Bramble purchased a small company and as a result recorded goodwill of $72,000. Bramble recorded a half-year's amortization in 2017, based on a 20-year life ($1,800 amortization). The goodwill has an indefinite life. 2. 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) # #