10 Required information The following information apples to the questions displayed below.) On September 30, 2019, Leeds LTO acquired a patent in conjunction with the purchase of another company. The potent valued at $5 million, was estimated to have a 10-year life and no residual value Leeds uses the straight-line method of amortization for intangible assets. At the beginning of January 2021. Leeds successfully defended its patent against Infringement Litigation costs totaled $300.000 Part 1 Required 1. Calculate amortization of the patent for 2019 and 2020 2. Prepare the journal entry to record the 2021 litigation costs. 3. Calculate amortization for 2021 Complete this question by entering your answers in the tabs below. Req Calculate amortization of the patent for 2019 and 2020. Enter your answers in whole dollars.) 2020 Amortion Req2 > 10 Required: 1. Calculate amortization of the potent for 2019 and 2020 2. Prepare the journal entry to record the 2021 litigation costs 3. Calculate amortization for 2021 Pantal Complete this question by entering your answers in the tabe below. Net Red Prepare the journal entry to record the 2021 litigation costs. (If no entry is required for a transaction/event, select "No joumal entry required in the first account field. Enter your answers in whole dollars) View transactions Journal entry worksheet Record the 2021 litigation costs dir General Journal Dobil Recorder Clear entry View general Journal 10 Required information The following information applies to the questions displayed below) On September 30, 2019, Leeds LTD acquired a patent in conjunction with the purchase of another company. The patent valued at $5 million, was estimated to have a 10-year life and no residual value Leeds uses the straight-line method amortization for intangible assets. At the beginning of January 2021, Leeds successfully defended its patent against infringement. Litigation costs totaled $300,000 Part 12 Required: 1. Calculate amortization of the patent for 2019 and 2020 2. Prepare the journal entry to record the 2021 litigation costs 3. Calculate amortization for 2021 Complete thin question by entering your answers in the tabs below. Red R Calculate amortization for 2021. (Round your final antwer to the bearest whole dollac)