These are selected 2017 transactions for Flounder Corporation: lan. 1 Purchased a copyright for $110,750. The copyright has a useful life of 5 years and a remaining legal life of 33 y ar. 1 Purchased a patent with an estimated useful life of 6 years and a legal life of 20 years for $138,600. Sept. 1 Purchased a small company and recorded goodwill of $153,350. Its useful life is indefinite. Prepare all adjusting entries at December 31 to record amortization required by the events. (Credit account titles are a Date Account Titles and Explanation Dec. 31 Amortization Expense utoma Debit Credit pyrights (To record amortization of Copyrights) Dec. 31 Amortization Expense Patentsl (To record amortization of Patents) Dec. 31 (To record amortization of Goodwill)