Question 30 (1 point) This year, Level Ground Ltd. went to court and successfully defended its trademarked product, "Hot Gum," from infringement by a competitor. Legal costs of this defence should be charged to legal expense of the period. trademarks and amortized over the legal life of the trademark. trademarks and amortized over the same period of time as the "Hot Gum" trademark. legal expense and amortized over five years or less. Question 31 (1 point) Companies that carry inventories must carefully monitor inventory in order to keep inventory levels high to maximize profits. minimize carrying costs and keep inventory levels high so stockouts never occur. minimize carrying costs and meet customer demands. have the greatest selection available so customers can always find what they want