Question 3 of 4 > - /20 ! III The following are selected 2020 transactions of Matlock Ltd, an Purchased a small company and recorded goodwill of 165.000 Its useful life is indefinite. Purchased for 120.000 a patent with an estimated useful life of 5 years and a legal life of 17 years May 1 Prepare necessary adjusting entries at December 31 to record amortuation required by the events above. Il no entry is required, select "No entry for the account titles and enter for the amounts Credit account titles are automatically indented when amount is entered. Do not indent manually Date Account Titles and Explanation Debit Credit Dec 31 (To record goodwill amortization) Dec. 31 (To record patent amortization.)