On January 1, 2021, The Donut Stop purchased a patent for $80,000. At that time, the remaining outste was 15 years, but the company estimated the patent would be useful for only five more years. In late December 2022, the company incuned leges of $29,000 in successfully defending the patent in an infringement suit. The successful defense did not change the companys est of the patent's useful life. The Donut Stop's year-end is December 31. 1. Record the journal entries for the following transactions. (If no entry is required for a particular transaction/event, selecto Journal Entry Required" in the first account field.) (1) Record the purchase of the patent in 2021. (2) Record the amortization in 2021. (3) Record the cost of legal fees and amortization in 2022. (4) Record amortization in 2022 (for simplicity, assume no amortization for the legal fees is recorded in 2022 because the expenditures did not occur until late December). View transaction list Journal entry worksheet 1