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Required information [The following information applies to the questions displayed below) On January 1, 2021. Weaver Corporation purchased a potent for $246.000 The remaining legal life is 20 years, but the company estimates the potent will be useful for only six more years. In January 2023. the company incurred legal fees of $66.000 in successfully defending a patent infringement suit. The successful defense did not change the company's estimate of useful life. Weaver Corporation's year-end is December 31 Required: 1. Record the purchase in 2021, amortization in 2021, amortization in 2022, legal fees in 2023; and amortization in 2023 (if no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction is Journal entry worksheet 1 Record the patent purchase. ore tradit General donal Dobit Credit View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 246,000 January 01, 2021 Patents Cash 245,000 2 December 31, 2021 Amortization Expense Patents 3 December 31, 2022 Amortization Expense Patents N 4 January 01 2023 Patents Cash 5 December 31, 2023 Amortization Expense Patents 0 Required information The following information applies to the questions displayed below.) On January 1, 2021. Weaver Corporation purchased a potent for $246 000. The remaining legal life is 20 years, but the company estimates the patent will be useful for only six more years. In January 2023, the company incurred legol fees of $66,000 in successfully defending a patent infringement suit. The successful defense did not change the company's estimate of useful life Weaver Corporation's year-end is December 31 2. What is the balance in the Patent account at the end of 2023 Balance in the Patente account