These are selected 2025 transactions for Sarasota Corporation: Jan. 1 Purchased a copyright for $123,000. 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 $66,000. Sept. 1 Purchased a small company and recorded goodwill of $153,000. Its useful life is indefinite. Date Account Titles and Explanation Debit Credit Dec. 31 (To record amortization of Copyrights) Dec. 31 (To record amortization of Patents) Dec. 31 (To record amortization of Goodwill)