LU) 100 points Requirements F 1. Journalize the purchase of the patent. 2. Journalize the amortization expense for the year ended December 31, 2024. Assume straight-line amortization. Print Done On March 1, 2024, Enhance Company purchased a patent for $104,400 cash. Although the patent gives legal protection for 20 years, the patent is expected to be used for only three years. Begin by calculating the amortization expense for 2024. Select the formula, enter the amounts and calculate the amortization expense. (Enter a "0" for items with a zero value. Do not round intermediary calculations. Only round the amount you input for straight-line amortization to the nearest dollar.) Straight-line [C ] = 12 )= amortization [O 1x - 12) =