Brief Exercise 12-2 Swifty Corporation purchases a patent from Wildhorse Company on January 1, 2017, for $45,000. The patent has a remaining legal life of 16 years. Swifty feels the patent will be useful for 10 years. Assume that at January 1, 2019, the carrying amount of the patent on Swifty's books is $36,000. In January, Swifty spends $38,400 successfully defending a patent suit. Swifity still feels the patent will be useful until the end of 2026. Prepare the journal entries to record the $38,400 expenditure and 2019 amortization. (Credfit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry Debit Credit Account Titles and Explanation (To record expendture of patents)