Problem 9-6A Due to rapid employee turnover in the accounting department, the following transactions involving intangible assets were improperly recorded by Culver Corporation. 1. Culver developed a new manufacturing process, incurring research and development costs of $197,900. The company also purchased a patent for $46,800. In early January, Culver capitalized $244,700 as the cost of the patents. Patent amortization expense of $12,235 was recorded based on a 20-year useful life. 2. On July 1, 2017, Culver purchased a small company and as a result recorded goodwill of $92,000. Culver recorded a half-year’s amortization in 2017, based on a 20-year life ($2,300 amortization). The goodwill has an indefinite life. Prepare all journal entries necessary to correct any errors made during 2017. Assume the books have not yet been closed for 2017