On July 1, 2020 ABC Co purchased a patent for S 2.400,000. The patent legally protects the ownet for 20 years and the company plans w we your Eequired: Prepare the journal entry to record the amortization expense on Dec. 31. 2030 On January 1, 2017. Sar Co. purchased equipment conting 312.000. The equipment has been deprecimed wing the line metode ad an estimated useful life of 6 years. On April 1, 2020, the company sold the equipment for 1000 ch equired. Prepare journal entries to record The partial year's depreciation (the update) on April 1, 2020 The sale of the equipment on April 1, 2020 OUR ANSWER SHOULD BE IN THE FOLLOWING FORM DO NOT USE BETWEEN NUMBERS Cash 10000 Land 10000 the toolbar, press ALT+F10 (PC) or ALT-FN+F10 (Mac). 140x A