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On January 4, 2019, Franc Company purchased for $33,000 a patent that had been tied 8 years carlier The patent covers a manutachuring process that

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On January 4, 2019, Franc Company purchased for $33,000 a patent that had been tied 8 years carlier The patent covers a manutachuring process that the comgany phans to use for 15 years. On January 3,2020 , the compary paid its lawyers $8,800 for successtuly defending the patert in a lawsut Required: Prepare af the joumal entries assidiated with the patent in 2019 and 2020

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