On February 1, Disney paid $1,000,000 to purchase a patent for a new type of simulator technology that it will use for rides at its theme parks. There is 7 years remaining on the patent from the date of the purchase. What is part of the correct adjusting entry that Disney will make with respect to this patent when the fiscal year ends on December 31? a. DEBIT to Amortization Expense of $142,857

b. CREDIT to Amortization Expense of $130,952

c. CREDIT to Patents of $130,952

d. DEBIT to Patents of $142,857