These are selected 2022 transactions for Monty Corporation: Purchased a copyright for $108,000. The copyright has a useful life of 6 years and a remaining legal life of 30 years. Purchased a patent with an estimated useful life of 4 years and a legal life of 20 years for $51.000. Sept. 1 Purchased a small company and recorded goodwill of $138,000. Its useful life is indefinite. Jan. 1 Mar. 1 Prepare all adjusting entries at December 31 to record amortization required by the events. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Amortization Expense 18000 18000 Copyrights (To record amortization of Copyrights) Amortization Expense Dec. 31 10625 10625 Patents To record amortization of Patents) Dec. 31 12750 10625 (To record amortization of Goodwill)