Kingbird Company discovered an error in its accounting records in 2022. Kingbird had purchased a patent for $51,900 on January 1, 2019. The patent has been amortized on a straight-line basis over its 20-year legal life. However, Kingbird's accountant neglected to obtain an estimate of the patent's economic life, which was only fifteen years. Kingbird Company used a calendar fiscal-year and was subject to a 20% tax rate and follows ASPE. Prepare the journal entries to correct the accounting error and to record patent amortization for 2022. (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 for the amounts.) Account Titles and Explanation Debit Credit (To record correction of error.) (To record amortization expense.)