Problem 9-5A The intangible assets section of Pina Corporation's balance sheet at December 31, 2017, is presented here. Patents ($75,100 cost less $7,600 amortization) $67,500 Copyrights ($65,500 cost less $51,500 amortization) 14,000 Total $81,500 The patent was acquired in January 2017 and has a useful life of 10 years. The copyright was acquired in January 2011 and also has a useful life of 10 years. The following cash transactions may have affected intangible assets during 2018 Jan. 2 Paid $54,000 legal costs to successfully defend the patent against infringement by another company. Jan. June Developed a new product, incurring $255,500 in research and development costs. A patent was granted for the product on July 1, and its useful life is equal to its legal life. Legal and other costs for the patent were $30,000 Sept. 1 Paid $69,500 to a quarterback to appear in commercials advertising the company's products. The commercials will air in September and October. Oct. 1 Acquired a copyright for $254,500. The copyright has a useful life and legal life of 50 years Prepare journal entries to record the transactions. (Record entries in the order displayed in the problem statement. 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