On January 1, 2020, Paint Palette Inc. paid $122,000 to obtain a patent. The cost of the patent registration was $2,500. The patent has a legal life of 20 years and a useful life of 15 years. On December 31, 2021 management determined that the recoverable amount of the patent is $100,000. On January 1, 2022, Paint Palette incurred a cost of $15,000 related to an unsuccessful patent infringement lawsuit. Instructions (a) Record the purchase of the patent. (b) Record amortization expense for the year ended December 31, 2021. (c) Determine if there is an impairment loss on the patent and if so, record the December 31, 2021 journal entry. (d) Record the legal costs incurred on February 1, 2022