PRINTERS MCK NIE Additional Problems Kingbird Products Ltd, purchased a potent on January 1, 2017 for $645,000. At the time of the purchase, the patent had remaining legale of 15 years in January, 2000, Kingbird spent $350,000 defending the patient in court. One of the other results of the court case was the discovery that the potent would only have a remaining und We of years. King's end was December 31 Prepare the entries on the books of Kingbed to record (a) the purchase of the potent() amortization for the first year 2017, the defense of the patient and d) amortation for 2010 ( me required leto Entry for the accounts and enter for the amount Credits amatically denied word. De mindent mean we to decimal plac 75) No Account Titles and Explanation Credit a (Te read the fun of the patt) it