Take me to the text Mirabella Manufacturing spent several years developing a process for producing widgets. Its lawyer suggested patenting the process. The company obtained the patent on January 1, 2020. The company paid $130,000 to the lawyer, $21,000 to the government for the patent and $7,000 in additional fees. Required a) Prepare the journal entry to record the full cost of the patent. Do not enter dollar signs or commas in the input boxes. Date Account Title and Explanation Jan 1 Patents: Cash Debit Credit 130000 x 130000 x To record the total relevant patent fees b) The patent has an estimated life of 20 years. Prepare the journal entry to record amortization for one year on December 31, 2020. Round your answers to the nearest whole number, Date Account Title and Explanation Dec 31 Amortization Expense Accumulated Amortization To record amortization for the year Debit Credit