In $2026,$ the company successfully defends the patent in extended litigation at a cost of $$52,000,$ thereby extending the patent life to December $31,2033.$ What is the proper way to account for this cost? Also, record patent amortization $($full year$)$ in $2026.\backslash$In $2026,$ the company successfully defends the patent in extended litigation at a cost of $$52,000,$ thereby extending the patent life

to December $31,2033.$ What is the proper way to account for this cost? Also, record patent amortization $($full year$)$ in $2026.$

$($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry"

for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit

$($To record legal cost of successfully defending patent$)$

$($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)\backslash$

Account Titles and Explanation$\backslash$

$($To record legal cost of successfully defending patent$)\backslash$

Debit$\backslash$

Credit$\backslash$

$($To record one year's amortization$)$