In early January 2023, Crane Corporation applied for and received approval for a trade name, incurring legal costs of $44,800. In early January 2024, Crane incurred $24,000 in legal fees in a successful defence of its trade name. (b) Calculate amortization for 2023; carrying amount at December 31, 2023; amortization for 2024; and carrying amount at December 31, 2024, if the company amortizes the trade name over its 16-year legal life. (Round answers to O decimal places, e.g. 5275) 2023 2024 Amortization amount $ $ Carrying amount $ $