A company purchased a patent on January $1,2021,$ for $$2,850,000.$ The patent's legal life is $20$ years but the company estimates that the patent's useful life will only be $5$ years from the date of acquisition. On June $30,2021,$ the company paid legal costs of $$108,000$ in successfully defending the patent in an infringement suit.

Prepare the journal entry to amortize the patent at year end on December $31,2021.($If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.$)$

$\backslash$table$[[$Explanation$,$Debit,Credit$],[,,],[,,]]$