Question 4 . Prepare journal entries for 2016 for the following independent Keepers Inc. purchases a patent for $425,000 on January 1. Keepers estimates this patent to have a 5-year useful life. Blue Bat Corporation purchases one of their main competitors on March 31. Blue Bat paid $90,000 for this purchase which included assets of $70.000 and liabilities of Assume each organiz $2.000. The goodwill is believed to have an indefinite beneft