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Check my On January 2, 2021, David Corporation purchased a patent for $400,000. The remaining legal life is 12 years, but the company estimated that the patent will be useful only for eight years. In January 2023, the company incurred legal fees of $30,000 in successfully defending a patent infringement suit. The successful defense did not change the company's estimate of useful life. Required: Prepare journal entries related to the patent for 2021, 2022 and 2023. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 Record the purchase of the patent. Note: Enter debits before credits Credit Debit General Journal Date January 02, 2021 Record entry Clear entry View general journal Required: Prepare journal entries related to the patent for 2021 2022 and 2023. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Prepare journal entries related to the patent for 2021, 2022 and 2023. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 4 5 Record amortization of the patent for the year 2022. es Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2022 Record entry Clear entry View general Journal Required: Prepare journal entries related to the patent for 2021, 2022, and 2023. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 5 > Record costs of successfully defending the patent infringement suit. Note: Enter debits before credits Date General Journal Debit Credit January, 2023 Record entry Clear entry View general Journal Required: Prepare journal entries related to the patent for 2021, 2022, and 2023. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet