On February 1, 2024, Enhance Company purchased a patent for $153,600 cash. Although the patent gives legal protection for 20 years, the patent is expected to be used for only four years. Read the requirements. Requirement 1. Journalize the purchase of the patent. (Record debits first, then credits. Select the explanation on the last line the journal entry table.) Requirement 2. Journalize the amortization expense for the year ended December 31, 2024. Assume straight-line amortization. Begin by calculating the amortization expense for 2024. Select the formula, enter the amounts and calculate the amortization expense. (Enter a " 0 " for items with a zero value. Do not round intermediary calculations. Only round the amount you input for straight-line amortization to the nearest dollar.) \begin{tabular}{|c|c|c|c|c|c|} \hline & & & & & Straight-line \\ \hline ll & & 1+ & 11 & +12)= & amortization \\ \hline If & - & 1+ & 1( & +12)= & \\ \hline \end{tabular} Now, journalize the amortization expense for 2024. (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.)