Jan. 1 Mar. 1 Sept. 1 Purchased a patent with an estimated useful life of 5 years and a legal life of 26 years for $68,700. Purchased a small company and recorded goodwill of $150,050. Its useful life is indefinite. entered. Do not indent manually. If no entry is required, select No ntry" for the account titles and enter 0 for the amounts.) Dec. 31 Dec. 31