QUESTION 1 Alatorre purchased a patent from Vania Co, for $1,000,000 on January 1, 2018. The patent is being amortized over its remaining legal life of 10 years, expiring on January 1, 2028. At the beginning of 2020. Alatorre spent $12,000 in lawsuits that defend this patent. It also determined that the economic benefits of the patent would not last longer than 6 years from the date of acquisition. What amount should be reported in the balance sheet for the patent at December 31, 2020? Arial 3(12pt Path Words: 0 Chek Satie and Submit to save and submit Chek Sanders to one aller Save All An