Martinez, Inc. acquired a patent on January 1, 2017 for $41100 cash. The patent was estimated to have a useful life of 10 years with no resldual value. On December 31, 2018, before any adjustments were recorded for the year, management determined that the remalning useful life was 7 years (with that new estimate belng effective as of January 1. 2018). On June 30. 2019, the patent was sold for $26,100. Required: a. Prepare the Journal entry to record the acquistion of the patent on January 1, 2017 b. Prepare the Journal entry to record the annual amortization for 2017 c. Compute the amount of amortization that would be recorded In 2018. d. Determine the galn (loss) on sale on June 30, 2019. e. Prepare the Journal entry to record the sale of the patent on June 30, 2019. Complete this question by entering your answers in the tabs below Req A and B Req C Req D Req E Prepare the journal entry to record the acquisition of the patent on January 1, 2017 and for the annual amortization for 2017. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) ew transaction lst Journal entry worksheet Record the entry for acquisition of patent. Note: Enter debits before credits. January 01 2017 Record entry Clear entry Mew general journal