Prepare the journal entry to record amortization expense for the first year. (Credit account titles are automatically indented w amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amoun Show how this patent is reported on the balance sheet at the end of the first year. Prepare the journal entry to record amortization expense for the first year. (Credit account titles are automatically indented w amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amoun Show how this patent is reported on the balance sheet at the end of the first year