On June 1, 2024, Enhance Company purchased a patent for $144,000 cash. Although the patent gives legal protection for 20 years, the patent is expected to be used for only six years. Read the requirements. Requirements lanation on the last line of the jour 1. Journalize the purchase of the patent. 2. Journalize the amortization expense for the year ended December 31,2024. Assume straight-line amortization. Oa June 1, 2024, Enhance Company purchased a patent for $144,000 cash. Athough the palent gives logal protoction for 20 years, the patent is expected to be used for onhy air years Requirement 2. Joumalze the amorization expocise tor the yoar ended Decernbe 31, 2024. Assume straight-ine amoctration Requirement 2. Joumalize the amortization expense for the year ended December 31, 2024. Assume straight-line amortization. Begin by calculating the amortization expense for 2024. Select the formula, enter the amounts and calculate the amortization expense. (Enter a "0" for items with a zero value. Do not round intermediary calculations. Only round the amount you input for straight-line amortization to the