On December 31, Bowman Company estimated that goodwill of $80,000 was impaired. On June 1, a patent with an estimated useful economic life of 10 years was acquired for $252,000. Required: 1. Journalize the adjusting entry on December 31 for the impaired goodwill Dec. 31 2. Journalize the adjusting entry on December 31 for the amortization of the patent rights Dec. 31