Margaret Avery Company from time to time embarks on a research program when a

Margaret Avery Company from time to time embarks on a research program when a special project seems to offer possibilities. In 2011 the
company expends $322470 on a research project but by the end of 2011 it is impossible to determine whether any benefit will be derived from
it.(a) The project is completed in 2012 and a successful patent is obtained. The R&D costs to complete the project are
$125910. The administrative and legal expenses incurred in obtaining patent number 472-1001-84 in 2012 total $39900. The patent has an expected useful life
of 5 years. Record these costs in journal entry form. Also record patent amortization (full year) in 2012. (Credit account titles are
automatically indented when amount is entered. Do not indent manually.) show accounts titles and explinations record journal entries to recoed research and
development legal and adminstrative costs