View Polides Current Attempt in Progress During 2016, Sheffield Corporation spent $165,600 in research and development costs. As a result a new product called the New Age Piano was patented. The patent was obtained on October 1, 2016, and had a legal life of 20 years and a useful life of 10 years Legal costs of $41.040 related to the patent were incurred as of October 1, 2016. Prepare all journal entries required in 2016 and 2017 as a result of the transactions above. (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 for the amounts.) Debit Credit Date Account Titles and Explanation 2016 Research and Development Expense Cash (To record research and development expenses) 2016 Patents Cash (To record legal expenses) 2016 patent (To record amortization expense) 2017 utles are automatic when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter of unts.) Account Titles and Explanation Debit Credit Research and Development Expense. Cash (To record research and development expenses) 6 Patents Cash (To record legal expenses) 16 patent (To record amortization expense) 2017 Patents e Textbook and Media List of Accounts