Trademarks were recently acquired for $200,000 on January 1st, 2021. The estimated useful life at the time of acquisition was 20 years. The following year company xyz had a litigation, which was successfully defended at a legal cost of $60,000. The new (updated) useful life of the trademarks is now 25 years ( to the end of 2046). Prepare the journal entry to record the legal expense and the trademarks' amortization for the year 2022.