These are selected $2022$ transactions for Blossom Company.

Jan. $1$ Purchased a copyright for $$108,000.$ The copyright has a useful life of $6$ years and a remaining legal life of

$30$ years.

Mar. Purchased a patent with an estimated useful life of $4$ years and a legal life of $20$ years for $$58,800.1$

Sept.

$1$

Purchased a small company and recorded goodwill of $$150,000.$ Its useful life is indefinite.

Prepare all adjusting entries at December $31$ to record amortization required by the events. $($If no entry is required,

select $"$No entry" for the account titles and enter $0$ for the amounts. Credit account titles are

automatically indented when amount is entered. Do not indent manually.$)$

Date Account Titles and Explanation

Dec.

$31$

$($To record copyrights amortization$)$

Dec.

$31$

$($To record patent amortization$)$

Dec.

$31$

$($To record goodwill amortization$)$