Exercise 11-20 (Algo) Patent amortization; patent defense (LO11-4, 11-9) On January 2, 2021 David Corporation purchased a patent for $600.000. The remaining legal life is 12 years, but the company estimated that the patent will be useful only for eight years. In January 2023, the company incurred legal fees of $60,000 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. I no entry is required for a transaction/event, select "No journal entry required in the first account field) View transaction 114 Journal entry worksheet 1 2 a 4 > Record the purchase of the patent Nude General bot Col Date January 02, 2031 Rory Cherry Viewer