e a t herman ule to years, which is Shamrock Limited purchased a paler for $4,000 on Jane 1, 2019. Shamrock has a calendar fiscal Year end. Straight line m iration is used for the patent, based on a five year w legal was 10 years. On May 2021, Shamrock paid $24,000 in legal fees to successfully defend this patent in court and now wants to revise the estime of the patient's remaining w the same as its remaining legal de gred, select ually. If metry intry s are automatically increated when the amount is entered the natindent m Record the purchase of the patent on June 1, 2019. (Cred account the account titles and enter for the amounts) Date Armen Tiles and Explanation June 1, 2019 . Io entry is require the most is entered to borinn aromatically indented Record amortization expense for the fiscal years 2010 and 2020. (Credit account "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Dec 31, 2019 Dec 31, 2020 utomatically indented when the amount nend. Do not indent manually. If no entry is required, select No Entry Record the payment of the legates on for the account titles and enter for the amounts. Date Account Titles and Explanation May 31, 2011 Do not indent manually. If no entry is Record any necessary amortization prior to the change in the useful life of the potent. (Credit accountities are automatically indevated when required, select No Entry for the account titles and enter for the amounts.) Debit Date Account Titles and explanation May 31, 2021 i muni tare avfomatically indented when the amount is entered. Do not indent manually. If no entry is required Record the amortization expense for the remainder of the 2021 fiscal year. (Credit account titles are automatically indent select "No Entry" for the account titles and enter o for the amounts.) Date Debit Credit Account Titles and Explanation Dec 31, 2021 What was the total amount of the amortization expense appearing on the income statement for fiscal year 2021? Total amount of the amortization expense What is the carrying amount of the patent on the balance sheet at December 31, 2021? Carrying amount on the balance sheet at December 31, 2021 el e te versih Shamrock Limited purchased a patent for $84,000 on June 1, 2019. thorock has a calendar fiscal year end. Straight line amortization is ved for the patent legale was 10 years on May 21, 2021, thamrock paid $24,000 in legal fees to fully defend this patent in court and now wants to revise the estimate care pot the same as its remaining legal lide. required, select No Entry for Pent on neli 2012. (Credit u ites are automatically indented when the amount is entered. Do not inden manually. If no entry
