Sheridan Company purchases a patent for $212,500 on January 2,2022 . Its estimated useful life is 17 years. (a) Prepare the journal entry to record amortization expense for the first year. (Credit account tities are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter O for the amounts) (b) The parts of this question must be completed in order. This part will be avaliable when you complete the part above