On January 1, Year 1, Tenus Corporation purchased a patent from Marx Corporation by agreeing to make payments of $30,000 at the beginning of each year for the next six years, starting January 1, Year 1. Tenus could borrow money from the bank at a rate of 5 percent per year. The patent has a life of 10 years. I (Required: Make the journal entries to record the following: A. The purchase of the patent and the first payment B. Interest expense at the end of Year 1 C. Amortization expense on the patent at the end of Year 1 D. The payment of the second payment on January 1, Year 2 E. Interest expense at the end of Year 2 F. Amortization expense on the patent at the end of Year 2