Smith \& Daughters obtained a patent for a new optical scanning device. The fees incurred to file for the patent and to defend the patent in court against several companies which challenged the patent amounted to \(\$ 90,000\). Smith \& Daughters concluded that the expected economic life of the patent was 12 years. Calculate the amortization expense that should be recorded in the second year, and record the journal entry for the amortization expense on the books of Smith \& Daughters.