A. Muharraq Industrial Co. purchased a Tradename for $240,000 on July 1, 2021. The Trademname is legally used for 20 -year period. 8 points Required: Prepare the journal entry to record the amortization expense on Dec. 31, 2021 sold the machine for $170,000 cash. Required: Prepare journal entries to record: 1. The partial year's depreciation (the update) on March 312021 2. The sale of the machine on March 31, 2021. YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM; DO NOT USE ", BETWEEN NUMBERS: Dr. Cash 10000