Carla Vista Company has a December 31 fiscal year end. Selected information follows for Carla Vista Company for two independent situations as at December 31, 2021:

1. Carla Vista purchased a patent from Tamarisk Inc. for $411,000 on January 1, 2018. The patent expires on January 1, 2026. Carla Vista has been amortizing it over its legal life. During 2021, Carla Vista determined that the patents economic benefits would not last longer than six years from the date of acquisition.

2. Carla Vista has a trademark that had been purchased in 2014 for $300,000. During 2020, the company spent $50,000 on a lawsuit that successfully defended the trademark. On December 31, 2021, it was assessed for impairment and the recoverable amount was determined to be $320,000.

a. For each of these assets, determine the amount that will be reported on Carla Vistas December 31, 2020 and 2021, balance sheets. (Round answers to 0 decimal places, e.g. 5,276.) b. For each of these assets, determine what, if anything, will be recorded on Carla Vistas 2021 income statement. Be specific about the account name and the amount. (Round answers to 0 decimal places, e.g. 5,276.)