Sunland Company purchases a patent for $146,800 cash on January 2, 2021. Its legal life is 20 years and its estimated useful life is 8 years. D'Record the purchase of the patent on January 2, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Date Debit Credit Jan. 2 (To record cash purchase of patent.) Record amortization expense for the year ended December 31, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 (To record amortization expense.)