Buffalo Data Incorporated collects customer data through a permission-based direct response survey to provide marketing information to the consumer-packaged goods industry. The customer list is a database that includes customer names, contact, demographic and consumer purchasing information. The cost of creating the customer list is $9.210.500. It has a limited-life and is amortized on a straight-line basis over 15 years. Buffalo has determined that the list has a residual value of $65,000. Prepare the appropriate journal entries for the capitalization of the asset and the annual amortization. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit (To record cost I (To record amortization)