6 3 Points TOYOTA Co purchases Trademark to manufacture and cars. The company paid $440,000 cash on January 1, 2020, and they agreed to use Trademark rights for 8 years. Required journal entries to: 1) Record the purchase of the Trademark on January 1, 2020. 2) Calculate & record annual amortization on December 31, 2020. Use the editor to format your answer (1 Point) (2 Points)