Your company had the following patent transactions: 1. Purchased a patent on October 1, 2019 for $80,000 in cash. Estimated life = 8 years. estimated salvage value = $zero. Method of amortization = straight line. 2. Used the patent in 2019 3. Used the patent in 2020 4. Early in 2021, paid a lawyer $30,000 to sue another company which was copying your product. You won the case, so the other company must stop copying your product. Questions (please show and label your work) a. Prepare the journal entries for the events above? b. Show and label the changes in net income for 2019, 2020 and 2021 because of the above information