Van Frank Telecommunications has a patent on a cellular transmission process. The company has amortized the patent on a straight-line basis since 2017, when it was acquired at a cost of $10.8 million at the beginning of that year. Due to rapid technological advances in the Industry, management decided that the patent would benefit the company over a total of six years rather than the nine-year life being used to amortize its cost. The decision was made at the beginning of 2021 Required: Prepare the year-end journal entry for patent amortization in 2021. No amortization was recorded during the year. (If no entry Is required for a transaction/event, select "No journal entry required" In the first account fleld. Enter your answer In millions rounded to 1 decimal place (I.e., 5,500,000 should be entered as 5.5)). Book View transaction list Hint View journal entry worksheet No Event General Journal Debit Credit Prim 1 1 Amortization expense 3,000,000.0 Patent 3.000.000.0 References