I need the answer for section C

Your answer has been saved and sent for grading. See Gradebook for score details Prepare the journal entry to record amortization expense for 2018. (Credit account titles are automatically indented when the amount anteed. De m indent DAR Credit Date Account Titles and Explanation Dec 31, 2015 Amortation Expense Copyrights 640,000 640,000 Click if you would like to show Work for this questioni Open Show Work SHOW LIST OF ACCOUNT Attemptsi 1 of 1 used The fair value of the copyright at December 31, 2018 is 12,500,000. Prepare the journal entry (any) necessary to record this increase in value. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If ne entry is required, select "No entry for the account thes and enter for the amounts.) Account Tities and Explanation Click if you would like to Show Work for this questioni Open Show Work Exercise 153 (Part Level Submission) Presented below is information related to copyrights owned by Wamser Corporation at December 31, 2017 Cost $6,000,000 Carrying amount 5,200,000 Expected future net cash flows 4,700,000 Fair value 3,200,000 Assume Wamser will continue to use this asset in the future. As of December 31, 2017, the copyrights have a remaining useful life of 5 years. (a) IZYour answer has been saved and sent for grading. See Gradebook for score details. Prepare the journal entry (if any) to record the impairment of the posset at December 31, 2017. (Credit account titles are automatically indented when the amount is entered manually.) Date Account Titles and Explanation Debit Credit Dec 31, 2017 Loss on Impairment 2,000,000 Copyrights 2,000,000 Click if you would like to show Work for this questioni Open Show Work SHOW LIST OF ACCOUNTS Attemptsi 1 of 1 used