Concord Corporation purchased a patent from MaFee Corp. on January 1, 2023, for $83,160. The patent had a remaining legal life of 14 years. In January 2025, Concord spends $28,330 successfully defending a patent suit. In addition, Concord now feels the patent will be useful only for another seven years. Prepare the journal entries to record the 2025 expenditure and amortization for the year. (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. Round answers to 0 decimal places, e.g. 5,275. List all debit entries before credit entries.) Account Titles and Explanation Debit Credit (To record disbursement related to patent) (To record amortization expense)