On January 1, 2021, Weaver Corporation purchased a patent for $261,000. 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 $81,000 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 en required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Answer is complete but not entirely correct. General Journal Debit 261.000 No Credit 1 Date January 01, 2021 Patents Cash 261.000 2 43,500 December 31, 202 Amortization Expense Patents SIS 43,500 43,500 3 December 31, 202 Amortization Expense Patents 43,500 81,000 4 January 01, 2023 Patents Cash IS 81,000 20,2503 5 December 31, 202 Amortization Expense Patents 20.250