Brief Exercise 12-2 Bridgeport Corporation purchases a patent from Ivanhoe Company on January 1, 2017, for $41,000. The patent has a remaining legal life of 16 years. Bridgeport feels the patent will be useful for 10 years. Assume that at January 1, 2019, the carrying amount of the patent on Bridgeport's books is $32,800. In January, Bridgeport spends $32,000 successfully defending a patent suit. Bridgeport still feels the patent will be useful until the end of 2026. Prepare the journal entries to record the $32,000 expenditure and 2019 amortization. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation