On December 31, it was estimated that goodwill of $30,000 was impaired. On July 1, a patent with an estimated useful economic life of 10 years was acquired for $50,000 (6) Journalize the adjusting entry on December 31 for the impaired goodwill (b) Journalize the adjusting entry on December 31 for the amortization of the patent rights For the toolbar, press ALT+F10 (PC) or ALT FN F10 (Mac). BIVS Paragraph Arial 14px Hii A I. 1