Harrison Co. purchased a patent on August 31,2020, for $80,000 from a researcher. The patent has a legal life of Brief Exercise 13-2 20 years, but the estimated useful life of the patent is 10 years with no expected residual value. a. Record the entry for the purchase of the patent on August 31, 2020. b. Record the entry to record the amortization of the patent on December 31, 2020. Recording the Purchas and Amortization of Patents L02 Hint: See Demo 13-2