problem 8 Intangible amortization and impairment and Barkley Corp. obtained a trade name in January 2019, incurring legal costs of $72,000. The company amortizes the trade name over 8 years. Barkley successfully defended its trade name in January 2020, incurring $19,600 in legal fees. At the beginning of 2021, based on new marketing research, Barkley determines that the fair value of the trade name is $60.000. Estimated future net cash flows from the trade name are $64,000 on January 4, 2021. 5 Instructions Prepare the necessary journal entries for the years ending December 31, 2019, 2020, and 2021. Show all computations. 12/31/19 Amort exp 12/31/20 Revised amort 12/31/21 impairment 12/31/21 Revised amort