In early January 2016, Pronghorn Corporation applied for a trade name, incurring legal costs of $9,200. In January 2017, Pronghorn incurred $2,880 of legal fees in a successful defense of its trade name. ompute 2016 amortization, 12/31/16 book value, 2017 amortization, and 12/31/17 book value if the company amortizes the trade name over 10 years. Compute the 2017 amortization and the 12/31/17 book value, assuming that at the beginning of 2017, Pronghorn determines that the trade name will provide no future benefits beyond December 31, 2020.