Current Attempt in Progress Blossom Corp. obtained a trade name in January 2019, incurring legal costs of $72,720. The company amortizes the trade name over 8 years. Blossom successfully defended its trade name in January 2020, incurring $19,796 in legal fees. At the beginning of 2021, based on new marketing research, Blossom determines that the fair value of the trade name is $60,600. Estimated future net cash flows from the trade name are $64,640 on January 4, 2021. Prepare the necessary journal entries for the years ending December 31, 2019, 2020, and 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2019 Dec. 31, 2020 Dec. 31, 2021 (To record impairment loss) Dec. 31, 2021 amortization expense)