2 Record the journal entry for the decline in value of the patents. The patents have an estimated useful life of 20 yearsand are amortized on a straight-line basis. The patents have no residual value. On January 5, 2022, the value of the patents was estimated to be $330,000 Date DR 3 Record the journal entry for the amortization of the patents as of December 31, 2022 Date DR CR 4 Prepare a partial balance sheet for the intangible assets section at December 31, 2022 Include a disclosure statement. Intangible Asset and Goodwill Zoom Company took a loan from the bank and purchased the assets of GoTo Meeting for $2M on January 1, 2020. The fair value of the assets were: Land $300,000, Building $800,000, Patents $400,000, and Machinery $300,000. 1 Record the journal entry for the purchase by Zoom. ate 1 DR