Togo's Sandwich Shop had the following long term asset balances as of January 2021 Rocolated Cost Depreciation ook Value 3. 85.000 585,000 Building 560.000 5(201.600) 358.400 Equipment 145,000 (30,000) 115,000 Patent 125.000 (50,000) 75.000 Land 25 Togo's purchased all the assets at the beginning of 2019 3 years ago. The building is depreciated over a 10 year service life using the double-declining-balance method and estimating no residual value. The equipment is depreciated over a nine-year useful life using the straight line method with an estimated residual value of $10.000. The patent is estimated to have a five-year service life with no residual value and is amortized using the straight-line method Depreciation and amortization have been recorded for 2019 and 2020 2. For the year ended December 31, 2021 record amortization expense for the patent(if no entry is required for a transaction event, select "No Journal Entry Required in the first account field.) View transaction Mat Journal entry worksheet 1 Record the amortization on the patent