The following are elected 2020 transactions of Bramble Corporation. Jan. Purchased a small company and recorded goodwill of $145,000. Its useful life is 1 indefinite. May Purchased for $78,000 a patent with an estimated useful life of 4 years and a 1 legal life of 15 years. Prepare necessary adjusting entries at December 31 to record amortization required by the events above. (Credit account titles are automatically indented when amount is entered-Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Dec. Debit Credit 31 (To record goodwill amortization) Dec. 31 To record patent amortization)