Sheffield Corporation purchases a patent from Pharoah Company on January 1, 2017, for $75,000. The patent has a remaining legal life of 16 years. Sheffield feels the patent will be useful for 10 years. Assume that at January 1, 2019, the carrying amount of the patent on Sheffields books is $60,000. In January, Sheffield spends $25,600 successfully defending a patent suit. Sheffield still feels the patent will be useful until the end of 2026.

Prepare the journal entries to record the $25,600 expenditure and 2019 amortization