Part A and part B plz

Problem 2:20 Marks) Part Ax (12 Marks) Presented below is information related to copyrights owned by ABC Corporation at December 31, 2020 (All Amounts are in AED Cost 960,000 Carrying amount $70.000 Value in use 320.000 Fair value 600,000 Costs to sell 200,000 Instructions: a. Prepare the journal entry (if any) to record the impairment of the asset at December 31, 2020, (5 Marks) b. Prepare the journal entry to record amortization expense for 2021 assuming that in this scenario the copyrights have a remaining useful life of 5 years as of December 31, 2020. (3 Marks) c. The recoverable amount of the copyright at December 31. 2021 is 280,000 AED. Prepare the journal entry (if any) necessary to record this change in value (4 Marks) Part 3: 18 Marks) ABC Company's statement of financial position for the year 2020 slow Share capital ordinary, 10 pa Share premium ordinary Retained earnings L1.500.000 EN50,000 E250.000 The following teinnsactions...during the set . April 2: Bought 5.000 ordinary shares at 16 a share June 10: Sold 3,000 treasury shares al 19 a slure. November 10Sold the remaining 2,000 shares of treasury shares at 10 a share Required: a. Journalize the transactions of April 2, June 10, and November 10 (Treasury shares are recorded using the cost method). (4 Marks) b List three reasons why ABC Company might have decided to purchase the treasury shares (4 Marks)