Exercise 9-12 The following are selected 2017 transactions of Pedigo Corporation. Purchased a small company and recorded goodwill of $159,000. Its useful life is indefinite. Jan. 1 5 years and a legal life of 15 years. May 1 Purchased $97.500 a patent with an estimated useful life Prepare necessary adjusting entries at December 31 account titles are automatically indented when amount is entered. Do not indent manually.) o record amortization required by the events above. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit Debit Credit Date Account Titles and Explanation Dec. 31 (To record goodwill amortisation) Dec. 31 (To record patent amortisation) SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: APPLIED SKILLS