Munn Inc. has transactions and other information relating to intangible assets as follows. 1. Munn Inc, paid $192,000 to purchase a patent from Grey Company on January 2, 2020, when the remaining legal life was 16 years. 2. On January 1, 2021, Munn determined that the remaining useful life of the patent was only ten years from the date of its acquisition Required: Given the information above, prepare all necessary journal entries in 2020 and 2021. Note: You may create a table as follows to organize your journal entries. Date Account titles Debit Credit 1 Cash 10,000 Sales Revenue 10,000