Cullumber Corporation purchased a patent for $164,860 cash on April 2, 2018. Its legal life is 18 years and its estimated useful life is 5 years. The company's year end is December 31 and it prepares adjusting entries annually. Prepare the journal entry to record the (1) purchase of the patent on April 2, 2018, and (2) amortization for the first year ended December 31, 2018. (Credit account tities are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account tities and enter 0 for the amounts) No. Date Account Titles and Explanation Debit Credit (1) Apr 2 (2) Dec. 31 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Show how the patent would be reported on the statement of financial position at December 31 CULLUMBER CORPORATION Statement of Financial Position (Partial) Assets