Robin Corporation commenced operations at the beginning of 20x2. During 20x2 the following selected transactions and events took place: a) b) C) d) 6) During January, Robin incurred organization costs of $26,000 (legal and accounting fees paid to set up and register the corporation). On February 31, Robin acquired a patent for $11,000. The remaining legal life at the time of acquisition was 12 years. Robin estimated, however, that the useful economic life was six years. Throughout the year, the rm incurred costs of $18,000 to publicize its products. Robin acquired a franchise on July 1. The company paid an initial franchise fee on July I of $20,000. The franchise term is four years. Robin incurred research and development costs of $45,000 in the early stages of development of a patent. On October 1, the technical feasibility of the patent was established and at that time, another $15,000 was spent by Robin: $2,000 in fees and costs of registering the patent and $13,000 to the chief engineer on the project, who signed a waiver granting all rights to the patent exclusively to Robin. This patent was estimated to have a useful life of ten years. Prepare journal entries to record the above expenditures and any required adjustments at the end of the year. Robin's year is December 31, 20x2. Assume IFRS