These are selected 2022 transactions for Swifty Corporation. Jan. 1 May 1 Purchased a small company and recorded goodwill of $187,000. Its useful life is indefinite. Purchased a patent with an estimated useful life of 5 years and a legal life of 20 years for $142,500. Prepare all adjusting entries at December 31 to record amortization required by the events. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Cash Goodwill (To record goodwill amortization) Dec. 31 Cash 187000 142500 187000