Bridgeport Corporation purchases a patent from Ivanhoe Company on January 1, 2020, for $74,000. The patent has a remaining legal life of 16 years. Bridgeport feels the patent will be useful for 10 years. Prepare Bridgeport's joumal entries to record the purchase of the patent and 2020 amortization. (Credit account titles are outomatically Indented when amount is entered, Do not Indent monually. If no entry is required, select "No Entry" for the account tities and enter o for the omounts)