For each of the following unrelated transactions, Costs (it was not acquired) of $39,000 were incurred on January 1 to obtain a patent. On January 31, $28, 620 was spend in legal costs to successfully defend the patent competitors. The patent has an estimated legal life of 12 years. A company acquired a copyright for $160,000. The copyright has a useful life of 50 years. Determine the amount of the amortization for the current year. Amount of the amortization for the current year $ Amount of the amortization for the current year $ Present the adjusting entries required to record amortization at year end