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Crystal Company summarized the following transactions pertaining to patent: Spent P250,000 for the research and development of the patent. 2020 Dec 31 2021 Jan 1 2022 Jan 1 2023 Jan 1 Paid P80,000 to apply for and obtain right to the patent. The Useful life of the patent is 10 years. Purchased for F800,000 a new patent that is expected to prolong the life of the original patent by 6 years. A competitor obtained rights to a patent which rendered the entity's patent obsolete. Prepare the amortization schedule, 2021 2022 2023 FINANCIAL POSITION Original Patent Cost Accumulated amortization Net book value 60.000 60,000 Related Patent 600.000 Cost Accumulated amortization Net book value STATEMENT OF INCOME Original Patent Amortization expense Related Patent Amortization expense Loss Impairment loss