HACK RCES CALCULATOR HESSAGE HY INSTRUCTOR FULL SCREEN PRINT VERSION Exercise 12-16b-c (Part Level Submission) Carla vista company from time to time embark on a research program when a special project seems to offer possibilities. In 2019, the company extends $324.000 on a research project, but by the end of 2019 it is impossible to determine whether any benefit will be derived from it. (b) The project is completed in 2020, and a successful patent is chained. The R&D costs to complete the project are $119,000. The administrative and legal expenses incurred in obtainino patent number 472-1001-84 2020 total $17,000. The patent has an expected useful life of 5 years. Record these costs in journal entry form. Also, record patent amortization (ful year in 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Il no entry is required. select "No Entry for the account titles and ter o for the amounts) Account Titles and Explanation Debit Credit (To record research and development costs) (To record legal and administrative costs) To record one year's amortisation pense)