DARE THERE ANY ERRORS OR CORRECTIONS THAT NEED TO BE MADE?

Item	Recognition of Asset, Liability, or Neither	Account Name	Measurement Amount	Current or Noncurrent
1. On March 1, 2021, Bravo Company received $5 million deposit from a customer and agreed to provide customized services to the customer in the next 6 months.	Liability	Unearned Revenue	5000000	Current
2. Bravo acquired company ABC by paying $3 million above the market value of the identifiable assets minus liabilities of ABC.	Asset	Goodwill	3000000	non current
3. Bravo placed an $40,000 order to purchase inventory from its supplier. The supplier is assembling the products and will ship them to Bravo within next 14 days.	Liability	Accounts Payable	40000	Current
4. During 2021, Bravo spent $2 million on R&D innovation which led to a patent. The company spent $80,000 to register for the patent.	Neither
5. Bravo sold products to customers in 2021 that have an estimated warranty coverage of $1 million. The claims will be paid in 2022.	Liability	Intangible	1000000	non current