Milano Gallery purchases the copyright on an oll painting for $418,000 on January 1,2017. The copyright legally protects ts owner for 10 more years. The company plans to market and sell prints of the original for 11 years Prepare entries to record the purchase of the copyright on January 1,2017, and lts annual amortization on December 31,2017 View transaction list Journal entry worksheet Record the year-end adjusting entry for the amortization expense of the Note: Enter debits before credits Dec 31 Reoord entry Clear entry MacBook Air 888 ,a 8 5 3