Problem 9-6A Due to rapid employee turnover in the accounting department, the following transactions involving Intangible assets were improperty recorded by Blue Corporation. 1. Blue developed a new manufacturing process, incurring research and development costs of $174,400. The company also purchased a patent for $49,000. In early January, Blue capitalized $223,400 as the cost of the patents. Patent amortization expense of $11,170 was recorded based on a 20-year useful life. 2. On July 1, 2017, Blue purchased a small company and as a result recorded goodwill of $60,000. Blue recorded a half year's amortization in 2017, based on a 20-year life ($1.500 amortization). The goodwill has an indefinite life. Prepare all journal entries necessary to correct any errors made during 2017. Assume the books have not yet been closed for 2017. (Create account ties 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 amounts.) for the No. Account Titles and Explanation Debit Credit (To correct the error made in recording research and development costs) (To correct the error made in recording amortization expense) Click if you would like to Show Work for this question: Open Show Work