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During 2010, Salem Company spent $1,360,000 in research anddevelopment costs. As a result of its R&D activities, Salempatented a new product on September 30, 2010. On September 30,2010, Salem incurred and paid $42,000 of legal costs related to itsnew patent. The patent had a five-year legal life. Salem onlyprepares adjusting journal entries once each year as of 12-31(year-end).Prepare the entries Salem made in 2010 related to the R&Dactivities and the patent.Prepare the entries Salem made in 2011 and 2012 related to thepatent.On September 1, 2013, Salem spent $12,000 to defend its patentrights. Salem’s defense was successful, protecting the patent’sremaining legal life. Prepare the entries Salem made in 2013related to the patent