On April 1, 20X1, Delta Corporation acquired a patent for $200,000 cash. The patent has a useful life of 10 years. Using the straight-line method, calculate the amortization expense for the year 20X1.

Additionally, Delta Corporation made the following transactions during 20X1:

• May 15: Delta Corporation incurred $10,000 in legal fees related to the acquisition of the patent.
• August 1: Delta Corporation paid $5,000 for patent maintenance fees.
• November 1: Delta Corporation purchased additional patent rights for $50,000.

Furthermore, Delta Corporation provided the following information regarding its financial statements for the year 20X1:

• April 1: Patent acquisition for $200,000
• May 15: Legal fees for $10,000
• August 1: Maintenance fees for $5,000
• November 1: Additional patent rights purchase for $50,000

Required:

• Calculate the total amortization expense for the year 20X1 for the patent.
• Prepare the journal entries to record the patent-related transactions for Delta Corporation during the year 20X1.