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Current Attempt in Progress The following are selected 2020 transactions of Wildhorse Ltd. Jan 1 Purchased a small company and recorded goodwill of 165.000. Its useful life is indefinite Purchased for 120,000 a patent with an estimated useful life of 5 years and a legal life of 17 years May 1 Prepare necessary adjusting entries at December 31 to record amortization required by the events above. no try and select "No entry for the accounttities and enter for the amounts Credit account titles are automatically indented when an unsered Dres indent manually.) Date Account Titles and Explanation Del Dec 31 (To record goodwill amortization.) Dec. 31 (To record patent amortization.)