Exercise 140 Barkley Corp, name in January 2017, incurring $19,600 in legal fees. beginni $60,000. Estimated future netashwsthe beginning of 2018, based on new marketing research, Barkdey determines that the fair value of the trade name is obtained a trade name in January 2016, incurring legal costs of $72,000. The company amortizes the trade name over 8 years. Barkley successfully defended its trade flows from the trade name are $64,000 on January 4. 2018. Prepare the necessary journal entries for the years ending December 31, 2016, 2017, and 2018. (Credit account titles are automat Do not indent manually.) the years ending December 31, 2016, 2012 and 2018. (Credit account itles are automatically indented when the amount is entered Date Account Titles and Explanation Debit Credit Dec. 31, 2016 Dec. 31, 2017 Dec. 31, 2018 (To record impairment loss) Dec. 31, 2018 (To record amortization expense) Click if you would like to Show Work for this question: Open Show.Work