Cullumber Company has a December 31 fiscal year end. Selected information follows for Cullumber Company for two independent situations as at December 31,2024 : 1. Cullumber purchased a patent from Marin Inc. for $471,000 on January 1, 2021. The patent expires on January 1, 2029. Cullumber has been amortizing it over its legal life. During 2024, Cullumber determined that the patent's economic benefits would not last longer than six years from the date of acquisition. 2. Cullumber has a trademark that had been purchased in 2017 for $265,000. During 2023 , the company spent $50,000 on a lawsuit that successfully defended the trademark. On December 31, 2024, it was assessed for impairment and the recoverable amount was determined to be $279,000. For each of these assets, determine what, if anything, will be recorded on Cullumber's 2024 income statement. Be specific abou the account name and the amount. (Round answers to 0 decimal places, e g. 5,276.)