annual amortization of pa 5 10 000 Problem 37-2 (IAA) Blade Company spent a total of P510,000 in developing a patent which was applied for on July 1, 2019. The patent was issued on January 1, 2020. Rot CASIA 510000 The cost of licensing was nominal and the useful life of the patent is 15 years. D On January 1, 2022, the entity purchased a related patent for P720,000. The related patent has a remaining useful life of 16 years. This related patent is believed to extend the useful life of the old patent. PATENT 726 to AMORT 4 CAST 720000 On January 1, 2023, the entity purchased a competing patent for P540,000 in order to protect the original patent. POENE AMORE 84006 Required: CASH S4DODD PARENT Meteo Prepare journal entries from 2019 to 2023. suo coo 924