In early January 2020, Crane Corporation applied for and received approval for a trade name, incurring legal costs of $44,800. In early January 2021, Crane incurred $24,000 in legal fees in a successful defence of its trade name. (b) Calculate amortization for 2020; carrying amount at December 31, 2020; amortization for 2021; and carrying amount at December 31, 2021, if the company amortizes the trade name over its 16-year legal life. (Round answers to O decimal places, eg. 5,275) Amortization amount $ Carrying amount S eTextbook and Media Save for Later 2020 2021 $ S Attempts: 0 of 1 used Submit