On January 2, 2018, David Corporation purchased a patent for $420,000. The remalning legal lIife Is 12 years, but the company successfully defending a patent Infringement sult. The successful defense did not change the company's estimate of useful life Required Prepare journal entries related to the patent for 2018, 2019, and 2020. (If no entry Is required for a transactlon/event, select "No Journal entry required" In the first account fleld.) View transaction list Journal entry worksheet Record the purchase of the patent. Note: Enter debits before credits. Date General Journal Debit Credit January 02, 2018 Patent 420,000 Cash 420,000 Record entry Clear entry View general journal