Shamrock, Inc., spent $69,300 in attorney fees while developing the trade name of its new product, the Mean Bean Machine. Prepare the journal entries to record the $69,300 expenditure and the first year's amortization, using an 7-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 0 for the amounts. List all debit entries before credit entries.)