Kingbird, Inc. spent $73,600 in attorney fees while developing the trade name of its new product, the Mean Bean Machine Prepare the journal entries to record the $73,600 expenditure and the first year's amortization, using an 8-year life. Use the account title "Trade Names". (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit Account Titles and Explanation (To record expenditure of trade names)