On January $2,2024,$ David Corporation purchased a patent for $$500,000.$ The remaining legal life is $12$ years, but the company estimated that the patent will be useful only for eight years. In January $2026,$ the company incurred legal fees of $$45,000$ in successfully defending a patent infringement suit. The successful defense did not change the company's estimate of useful life.

Required:

Prepare journal entries related to the patent for $2024,2025,$ and $2026.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

$\backslash$table$[[$Record the purchase of the patent.$],[2$ Record amortization of the patent for the year $2024.],[3$ Record amortization of the patent for the year $2025.],[4$ Record costs of successfully defending the patent$],[$infringement suit.$],[5$ Record amortization of the patent for the year $2026.],[],[$Note : $0$ journal entry has been entered$]]$