CALCULATOOR PRINTER VERSION PULL SCREEN BA Exercise 12-13 (Part Level Submission) Presented below is information related to copyrights owned by Ivanhoe Company at December 31, 2020. Cost $8,670,000 Carrying amount 4,330,000 Expected future net cash flows 4,120,000 Fair value 3,300,000 Assume that Ivanhoe Company will continue to use this copyright in the future. As of December 31, 2020, the copyright is estimated to have a remaining useful ife of 10 years. v (a) Prepare the journal entry to record the impairment of the asset at December 31, 2020. The company does not use accumulated amortization accounts. (If no entry is required, select " for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. De not indent manually.) Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS Attempts: 0 of 10 used SAVE FOR LATER SUBMET AN