On January $2,2024,$ David Corporation purchased a patent for $$450,000.$ The remaining legal life is $10$ years, but the company

estimated that the patent will be useful only for Six years. In January $2026,$ the company incurred legal fees of $$40,000$ 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.