Barkley Corp. obtained a trade name in January 2009, incurring legal costs of $15,000. The company amortizes the trade name over 8 years. Barkley successfully defends its trade name in January 2010, incurring $4,900 in legal fees. At the beginning of 2011, based on new marketing research, Barkley determines that the fair value of trade name is $12,000. Estimated total future cash flows from the trade name are $13,000 on January 4, 2011. Instructions Prepare the necessary journal entries for the years ending December 31, 2009, 2010, and 2011. Show all computations