Question 2 View Policies Current Attempt in Progress 13 < Prev Pronghorn Corporation purchases a patent from Crane Company on January 1, 2020, for $51,000. The patent has a remaining legal life years. Pronghorn feels the patent will be useful for 10 years. Assume that at January 1, 2022, the carrying amount of the patent on Prom books is $40,800. In January, Pronghorn spends $22,400 successfully defending a patent suit. Pronghorn still feels the patent will be use the end of 2029. Prepare the journal entries to record the $22.400 expenditure and 2022 amortization. (Credit account titles are automatically indented whe amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Account Titles and Explanation Debit Credit ENG 1055 AM 28 3/11/2013