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Question 3 of 6 0.46/1 lil 2021 Jan. 2 Mar. 31 Apr. 1 Incurred legal fees of $ 16,000 to successfully defend the patent. Incurred

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Question 3 of 6 0.46/1 lil 2021 Jan. 2 Mar. 31 Apr. 1 Incurred legal fees of $ 16,000 to successfully defend the patent. Incurred research costs of $171.000 Purchased a copyright for $ 66,000 cash. The company expects the copyright will benefit the company for 10 years Purchased a trademark with an indefinite expected life for $ 210.000 cash Recorded adjusting entries as required for amortization. July 1 Dec. 31 Your answer is partially correct. Record the transactions and adjusting entries as required. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.)

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