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These are selected 2025 transactions for Pronghorn Corporation: Jan.1 Purchased a copyright for $117,000, The copyright has a useful life of 6 years and a

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These are selected 2025 transactions for Pronghorn Corporation: Jan.1 Purchased a copyright for $117,000, The copyright has a useful life of 6 years and a remaining legal life of 30 years. Mar. 1 Purchased a patent with an estimated useful life of 4 years and a legal life of 20 years for $60,000. Sept. 1 Purchased a small company and recorded goodwill of $147,000, Its useful life is indefinite. Prepare all adjusting entries at December 31 to record amortization required by the events. (List debit entry before credit entry. Credi account titles are automotically indented when the omount is entered. Do not indent manually, If no entry is required, select "No Entry for the account tittes and enter o for the amounts.) Entry" for the account titles and enter o for the amounts.)

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