Marigold Corporation purchases a patent from Sunland Company on January 1, 2020, for $54,000. The patent has a remaining legal life of 16 years. Marigold feels the patent will be useful for 10 years. Assume that at January 1, 2022, the carrying amount of the patent on Marigold's books is $43,200. In January, Marigold spends $25.600 successfully defending a patent suit. Marigold still feels the patent will be useful until the end of 2029. Prepare the journal entries to record the $25,600 expenditure and 2022 amortization (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 for the amounts.) Account Titles and Explanation Debit Credit (To record expenditure of patents) (To record amortization expense) List of Accounts Fave for Later Attempts:0 of 1 used Submit