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The following are selected 2017 transactions of Pedigo Corporation. Jan. 1Purchased a small company and recorded goodwill of $174,000. Its useful life is indefinite.May 1Purchased

The following are selected 2017 transactions of Pedigo Corporation.

Jan. 1Purchased a small company and recorded goodwill of $174,000. Its useful life is indefinite.May 1Purchased for $135,000a patent with an estimated useful life of6years and a legal life of15years.

Prepare necessary adjusting entries at December 31 to record amortization required by the events above

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