Required information [The following information applies to the questions displayed below.] On September 30, 2022, Leeds Limited acquired a patent in conjunction with the purchase of another company. The patent, valued at $6.6 million, was estimated to have a 10 -year life and no residual value. Leeds uses the straight-line method of amortization for intangible assets. At the beginning of January 2024 , Leeds successfully defended its patent against infringement. Litigation costs totaled $460,000. Required: 1. Calculate amortization of the patent for 2022 and 2023. 2. Prepare the journal entry to record the 2024 litigation costs. 3. Calculate amortization for 2024. Complete this question by entering your answers in the tabs below. Calculate amortization for 2024. Note: Round your final answer to the nearest whole dollar