On December 31, it was estimated that goodwill of $65,000 was impaired. On July 1, a patent with an estimated useful economic lile of 10 years was acquired foe $60,000 Required (a) Journaize the adushing entry on December 31 for the impaired goodww (b) Journalize the adjusting entry on December 31 for the amortization of the patent rights. Refer to the Chart af Accounts for exact wording of account itles