P1. Remington Corporation purchases a patent from Durler Company on January 1, 2016, for $72,000. The patent has a useful life of 16 years. On January1, 2017, Remington spends $25,200 successfully defending a patent suit. Remington still feels the patent will be useful until the end of the original useful life. Remington's fiscal year end is December 31. Prepare Remingtons journal entries on the following dates. (1) January 1, 2016 (2) December 31, 2016 (3) January 1, 2017 (4) December 31, 2017