Below are several events related to Intangible Assets for McLaughlin Inc. during 2020. a) McLaughlin Inc. purchased another company on July 1, 2020 and recorded Goodwill of $400,000 b) McLaughlin Inc. purchased a Patent for $18,000 on January 1, 2020. In addition, $9,000 was spent in legal costs on January 1, 2020 to successfully defend the Patent in court against competitors. The Patent has a legal life of 20 years and an estimated useful life of 9 years. c) The company purchased a Trademark for $25,000 on May 1, 2020. The rights to the trademark can be renewed indefinitely Instructions: For each of the above events, record the appropriate adjusting journal entry for amortization at year-end on December 31, 2020. If no entry is required, state so and explain why. (2 marks each ) Accounts Debit Date Credit