(b) . Make an entry as of December 31, 2022, recording any necessary amortization. (Round answers to decimal places, es. 125. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Amortization Expense 56000 Patents 56000 Amortization Expense 30000 eTextbook and Media List of Accounts Attempts:0 of 3 used Submit Answer Save for Later Lassaved 4 days ago Saved work will be auto-submitted on the date submission can take up to 10 minute (c) Show Attempt History Current Attempt in Progress On January 1, 2022. Haley Company had a balance of $360,000 of goodwill on its balance sheet that resulted from the purchase of a small business in a prior year. The goodwill had an indefinitellfe. During 2022, the company had the following additional transactions. Purchased a patent (5-year life) $280,000 July 1 Acquired a 9-year franchise; expiration date July 1, 2.031. 5540.000 Sept. 1 Research and development costs $185.000. Jan 2 (a)