The intangible assets section of Flounder Corporations balance sheet at December 31, 2022, is presented here.

Patents ($76,700 cost less $6,600 amortization)		$70,100
Copyrights ($36,500 cost less $22,500 amortization)		14,000
Total		$84,100

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 $36,000 legal costs to successfully defend the patent against infringement by another company.
Jan.	June		Developed a new product, incurring $253,000 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 $62,000 to a quarterback to appear in commercials advertising the companys products. The commercials will air in September and October.
Oct.	1		Acquired a copyright for $237,000. The copyright has a useful life and legal life of 50 years.

Prepare journal entries to record the 2023 amortization expense for intangible assets. (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
Dec. 31	enter an account title to record amortization of patents on December 31	enter a debit amount	enter a credit amount
	enter an account title to record amortization of patents on December 31	enter a debit amount	enter a credit amount
	(To record amortization of patents)
Dec. 31	enter an account title to record amortization of copyrights on December 31	enter a debit amount	enter a credit amount
	enter an account title to record amortization of copyrights on December 31	enter a debit amount	enter a credit amount
	(To record amortization of copyrights)

Your answer is correct. Prepare journal entries to record the transactions. (Record entries in the order displayed in the problem statement. Credit account titles are automatic entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 2 Patents 6000 Y cash 36000 Jan.-June Research and Development Expense 000 | Cash 53000 July 1 Patents T Cash 10000 Sept. 1 Advertising Expense Cash 62000 Oct. 1 Copyrights Cash 237000 Click if you would like to Show Work for this question: Open Show Work