Barkley Corp. obtained a franchise in January 2017, incurring legal costs of $30,000. The company amortizes the trade name over 8 years. Barkley successfully defended its franchise in January 2019, incurring $9,800 in legal fees. At the beginning of 2020, based on new marketing research, Barkley determines that the fair value of the franchise is $24,000. Estimated total future cash flows from the franchise are $26,000 on January 4, 2020 Required Prepare the necessary journal entries for the years ending December 31, 2017, 2018 , 2019 and 2020. Show all computations.