The following are selected $2022$ transactions of Tamarisk Corporation.

Jan. $1$

Purchased a small company and recorded goodwill of $$225,000.$ Its useful life is indefinite.

April $1$ Purchased for $$136,000$ a patent with an estimated useful life of $5$ years and a legal life of $20$ years.

$($a$)$

Your answer is partially correct.

Prepare necessary adjusting entries at December $31$ to record amortization required by the events above. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Date Account Titles and Explanation

Debit

Credit

Dec. $31$

Amortization Expense

Patents

$($To record amortization expense for patents$)$

Dec. $31$