On July 1, 2020, Bramble Corporation purchased Young Company by paying $252,000 cash and issuing a $107,000 note payable to Steve Young. At July 1, 2020, the balance sheet of Young Company was as follows.

Cash		$50,600		Accounts payable		$203,000
Accounts receivable		90,500		Stockholders equity		238,700
Inventory		101,000				$441,700
Land		41,700
Buildings (net)		75,400
Equipment (net)		71,100
Trademarks		11,400
		$441,700

The recorded amounts all approximate current values except for land (fair value of $62,500), inventory (fair value of $126,900), and trademarks (fair value of $16,480).

Prepare the December 31 entry for Bramble Corporation to record amortization of intangibles. The trademark has an estimated useful life of 4 years with a residual value of $3,160. (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 0 for the amounts.)