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  3. during 2021, riverbed corporation spent $162,720 i

During 2021, Riverbed Corporation spent $162,720 in resoarch and development costs. As a result, a...

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Accounting

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During 2021, Riverbed Corporation spent $162,720 in resoarch and development costs. As a result, a new product called the New Age Piano was patented. The patent was obtained on October 1, 2021, and had a legal life of 20 years and a useful life of 10 years. Legal costs of 536,720 related to the patent were incurred as of October 1, 2021. Prepare all fournal entries required in 2021 and 2022 as a result of the transactions above. (Credit account tities are outomotically indented when amount is entered. Do not indent manually If no entry is required, seiect "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before aredit entries. Recond entries in the onder disployed in the problem statement

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