Sunland Company purchases a patent for $169,300 on January 2,2025 . Its estimated useful life is 5 years. (a) Prepare the journal entry to record amortization expense for the fust year. (List debit entry before credit entry. Credif account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts.) (b) Show how this patent is reported on the balance sheet at the end of the first year