Transactions during $2013$ of the newly organized Menlove Corporation that applies US GAAP included the following:

On Jan. $2,$ paid legal fees of $$15,000$ to complete organization of the corporation.

Jan. $15,$ Hired a clown to stand in front of the corporate office for two weeks and hand out pamphlets and candy to create goodwill for the new enterprise. Clown cost, $$1,000$; pamphlets and candy, $$500.$

On Apr. $1,$ Patented a newly developed process with costs as follows:

$\backslash$table$[[$Legal fees to obtain patent,$$42,900$