Carla Vista Corporation purchases a patent from Sandhill Company on January $1,2024$ for $$99,120.$ The patent has a remaining legal life of $16$ years. Carla Vista feels the patent will be useful for $10$ years. Assume that at January $1,2026,$ the carrying amount of the patent on Carla Vista's books is $$79,296.$ In January, Carla Vista spends $$23,600$ successfully defending a patent suit. Carla Vista still feels the patent will be useful until the end of $2033.$

Prepare Carla Vista's journal entries to record straight$-$line amortization for $2024$ and $2026.($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries. Record entries in the order displayed in the problem statement.$)$

Date Account Titles and Explanation

Debit

Credit