On January 1, 2021, Weaver Corporation purchased a patent for $228,000. The remaining legal life is 20 years, but the company estimates the patent will be useful for only six more years. In January 2023, the company incurred legal fees of $48,000 in successfully defending a patent infringement suit . The successful defense did not change the company's estimate of useful life. Weaver Corporation's year-end is December 31, Required: 1. Record the purchase in 2021; amortization in 2021; amortization in 2022; legal fees in 2023; and amortization in 2023. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet C No General Journal Debit Credit 1 Date January 01, 2021 Patents Cash 228,000 228,000 2 December 31, 2021 Amortization Expense Patents 38,000 38,000 3 December 31, 2022 Amortization Expense Patents 38,000 38,000 4 January 01, 2023 Patents Cash 48,000 48,000 5 December 31, 2023 Amortization Expense Patents