Ivanhoe Corporation purchases a patent from Oriole Company on January 1, 2024 for $72,240. The patent has a remaining legal life of 16 years. Ivanhoe feels the patent will be useful for 10 years. Assume that at January 1, 2026, the carrying amount of the patent on Ivanhoe's books is $57,792. In January, Ivanhoe spends $17,200 successfully defending a patent suit. Ivanhoe still feels the patent will be useful until the end of 2033. Prepare Ivanhoe's journal entries to record straight-line amortization for 2024 and 2026. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Record entries in the order displayed in the problem statement.) Date Account Titles and Explanation Debit Credit