These are selected $2022$ transactions for Flint Corporation.

Jan. $1$ Purchased a small company and recorded goodwill of $\backslash$$$199,000.$ Its useful life is indefinite.

May $1$ Purchased a patent with an estimated useful life of $6$ years and a legal life of $18$ years for $\backslash$$$135,000.$

Prepare all adjusting entries at December $31$ to record amortization required by the events. $($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No entry" for the account titles and enter O for the amounts.$)$

Date

Account Titles and Explanation

Dec. $31$

$($To record goodwill amortization$)$

Dec. $31$

$($To record patent amortization$)$