On April 1, a patent with an estimated useful economic life of 12 years was acquired for $1,500,000. In addition, on December 31, it was estimated that goodwill of $6,000,000 was impaired. Question Content Area a. Journalize the entry to record the acquisition of the patent. If an amount box does not require an entry, leave it blank. DateAccountDebitCredit April 1 - Select - - Select - - Select - - Select - Question Content Area b. Journalize the adjusting entry on December 31 for the amortization of the patent rights. If an amount box does not require an entry, leave it blank. DateAccountDebitCredit December 31 - Select - - Select - - Select - - Select - Question Content