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The following information applies to the questions displayed below) On January 1, 2018, Weever Corporation purchased a patent for $249,000. The remaining legal life is

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The following information applies to the questions displayed below) On January 1, 2018, Weever Corporation purchased a patent for $249,000. The remaining legal life is 20 years, but the company estimates the patent will be useful for only six more years. In Januery 2020, the company incurred legal fees of $69,000 in successfully defending a patent infringement suit. The successt defense did not change the company's estimate of useful life. Weaver Corporation's year-end is December 31 valuer 10.00 points Required information Required 1. Record the purchase in 2018, amortization in 2018: amortization in 2019, legal fees in 2020; and amortization in 2020. (If no entry is required for a transaction/event, select "No jourmal entry required" in the first account field.) View transaction list Journal entry worksheet Record the patent purchase. Note: Enter debits before credit Debit Credit General Journal lanuary o1. 201

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