On January 4, 2019, Franc Company purchased for $33,000 a patent that had been filed 8 years earlier. The patent covers a manufacturing process that the company plans to use for 15 years. On January 3,2020 , the company paid its lawyers $8,800 for successfully defending the patent in a lawsuit. Required: Prepare all the journal entries associated with the patent in 2019 and 2020 . Prepare all the journal entries associated with the patent in 2019 and 2020. How does grading_work