CALCULATOR PRINTER VERSION BACK NEXT Blossom Corp. obtained a trade name in January 2019. incurring legal costs of $80,640. The company amortizes the trade name over 8 years, Blossom successfully defended its trade name in January 2020, incurring $21.952 in legal fees. At the beginning of 2021, based on new marketing research, Blossom determines that the fair value of the trade name is 567,200. Estimated future net cash flows from the trade name are $71,600 on January 4, 2021 Prepare the necessary Journal entries for the years ending December 31, 2019 2020, and 2021. (Credit account titles are automatically Indented when the amount is mtered. Do not indent manually.) Dett Credit Date Account Titles and Explanation Dec 31, 2019 Dec 31, 2021 (to record impairme) Dec 31, 2021 (To record amortization ) W