Part C (6 Marks) Record the following transactions: During June, 2020 Bob's Bus Co. has the following transactions: June 1 Paid S20,000 in legal fees to defend a patent with an estimated useful life of 10 years and legal life of 20 years for $300,000 cash June 3 Replaced a bus engine for $15,000 June 12 Spent $50,000 on researching a new engine for the buses that is more environmentally friendly June 30 Bob sold an old Bus for $12,000. The bus originally cost $40,000 and the accumulated depreciation up to June 30 was $30,000