the fields in red are incorrect. please help. Thanks!

The intangible assets section of Sheffield Corporation's balance sheet at December 31, 2022, is presented here. Patents ($77,400 cost less $7,800 amortization) $69,600 Copyrights ($40,500 cost less $29,800 amortization) 10,700 Total $80,300 The patent was acquired in January 2022 and has a useful life of 10 years. The copyright was acquired in January 2016 and also has a useful life of 10 years. The following cash transactions may have affected intangible assets during 2023. Jan. 2 Paid $54,000 legal costs to successfully defend the patent against infringement by another company. Jan.- June Developed a new product, incurring $237,000 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 $10,000. Sept. 1 Paid $53,500 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 $268,000. The copyright has a useful life and legal life of 50 years. Credit Debit $ 54,000.00 $ 54,000.00 $ 237,000.00 $ 237,000.00 a a Date Accounts Titles and Explanation 2-Jan patents cash Jan-June R & D expense Cash 1-Jul patents cash 1-Sep advertising expense cash 1-Oct copyrights cash $ 10,000.00 $ 10,000.00 $ 53,500.00 $ 53,500.00 $ 268,000.00 $ 268,000.00 Credit Debit $ 13,990.00 $ 13,990.00 b Date Accounts Titles and Explanation 31-Dec ammortization expense patents (to record amortization of patents) 31-Dec amortization expense copyrights $ 5,390.00 $ 5,390.00 Sheffiel Corportaion Balance Sheet Partial As on December 31, 2023 Intagible Assets: Patents Copyrights Total intagible Assets $ 141,400.00 $ 284,090.00 $ 390,300.00