On January $2,2024,$ David Corporation purchased a patent for $\backslash$$$570,000.$ The remaining legal life is $10$ years, but the company estimated that the patent will be useful only for sIx years. In January $2026,$ the company Incurred legal fees of $\backslash$$$60,000$ in successfully defending a patent Infringement sult. The successful defense did not change the company's estimate of useful life.

Requlred:

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

Note: If no entry is required for a transactlon$/$event$,$ select $"$No journal entry required" In the first account fleld.

$1.$ 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 $2026.$