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What are the December 31, 2018 entries?

Ivanhoe Co., organized in 2017, provided you with the following information. 1. Purchased a license for $29,120 on July 1, 2017. The license gives Ivanhoe exclusive rights to sell its services in the tri-state region and will expire on July 1, 2025. 2. Purchased a patent on January 2, 2018, for $83,800. It is estimated to have a 5-year life. 3. Costs incurred to develop an exclusive Internet connection process as of June 1, 2018, were $89,800. The process has an indefinite life. 4. On April 1, 2018, Ivanhoe Co. purchased a diode manufacturer for $699,400. Goodwill recorded in the transaction was $118,200. 5. On July 1, 2018, legal fees for successful defense of the patent purchased on January 2, 2018, were $15,336. 6. Research and development costs incurred as of September 1, 2018, were $89,800. Account Titles and Explanation Debit Credit Date January 2, 2018 ITPatents 83,800 Cash 83,800 July 1, 2018 ITPatents 15,33 Cash 15,336 December 31, 2018 TAmortization Expense TPatents