Question 4 (10 Marks) 1 mark for the correct calculation of amortization for the patent a) and 1 mark for the correct calculation of goodwill for b). 1 mark for each journal entry line: Correct account (0.5) and Correct Amount (0.5) - Note: if the account is correct and amount but placed wrong as a debit/credit (0 mark). Required: a) Winter Ltd. (Year end Dec 31) paid for several patents on June 1, 2019 for a total price of $220,000. The patents have a legal life of 25 years and are expected to provide revenues for the next 8 years. Record the JE for the purchase of the patents and the JE for the amortization on the patents at Dec 31, 2019. b) January 1, 2020, Jason Ltd. paid $475,000 to acquire Freddie Kruger Ltd. Freddie Kruger Ltd. had assets valued at $1,825,000 and liabilities of $1,475,000. To Assist: In Moodle under TEMPLATES: Can use General Journal for the journal entries