Brief Exercise 9-12 Campanez Company purchases a patent for $234,000 on January 2, 2015. Its estimated useful life is 13 years. Prepare the journal entry to record amortization expense for the first year. (If no entry is required, select "No entry" for the account sites and enter for the amounts Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT Show how this patent is reported on the balance sheet at the end of the first year. CAMPANEZ COMPANY Balance Sheet (Partial) December 31, 2015