estimated that the patent will be useful only for eight years. In January 2023, the company incurred legal fees of $30,000 in successfully defending a patent infringement suit. The successful defense did not change the company's estimate of useful life. Required: Prepare journal entries related to the patent for 2021, 2022, and 2023. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal entry required" in the first account field.) Answer is complete but not entirely correct. No Date 1 January 02, 2021 Patent Cash 2 3 General Journal December 31, 202 Amortization expense Patent December 31, 202 Amortization expense Patent 4 January, 2023 Patent Cash 5 December 31, 202 Amortization expense Patent lolo Debit Credit 720,000 720,000 90,000 9 90,000 90,000 90,000 30,000 30,000 90,000 90,000