Munn Inc. has transactions and other information relating to intangible assets as follows. 1. A trademark was purchased for $10,000 on August 31, 2020. The trademark is considered to have an indefinite life. The fair value of the trademark on December 31, 2020, is $8,500. 2. Munn Inc. lost a patent infringement suit in April 2021 and paid the plaintiff $3,900. Required: Given the information above, prepare all necessary journal entries in 2020 and 2021. Note: You may create a table as follows to organize your journal entries. Debit Credit Date Account titles 10,000 1 Cash 10,000 Sales Revenue