QueSLIUI 2 View Policies Current Attempt in Progress Pronghorn Corporation purchases a patent from Crane Company on January 1, 2020. for $51,000. The patent has remaining scale of 16 years. Pronghorn feels the patent will be useful for 10 yeA ssume that at January 1, 2022, the carrying amount of the patent on Pronhom books is $10,800. In January, Pronghorn spends $22./100 successfully defending a patent suit.Pronghorn still feels the patent will be useful until the end of 2029. Prepare the journal entries to record the $22,400 expenditure and 2022 amortization. (Credit account titles are automatically indente amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for men Account Titles and Explanation Debit Credit (To record expenditure of patents) (To record amortization expense) 5 OO W in