please correct the errors in red . thanks

The following information is for a copyright owned by Swifty Corp., a publicly accountable entity, at December 31, 2020. Swifty Corp. applies IFRS. Cost $4,304,000 2,171,000 Carrying amount Expected future net cash flows (undiscounted) Fair value 2,040,000 1,559,000 Assume that Swifty Corp. will continue to use this copyright in the future. As at December 31, 2020, the copyright is estimated to have a remaining useful life of 8 years. The copyright's value in use is $1893.000 and its selling costs are $111,000. Your answer is partially correct. Prepare the journal entry, if any, to record the asset's impairmentat December 31, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter 0 for the amounts) Date Account Titles and Explanation Debit Credit Dec. 31. 2020 Accumulated Impairment Losses - Copyrights 27B000 Copyright 278000 Prepare the journal entry to record amortization expense for 2021 related to the copyright (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Amortization Expense 270429 Copyright 270429 e Textbook and Media List of Accounts - Your answer is partially correct. The copyright's fair value at December 31, 2021 is $22 million, Prepare the journal entry. if any to record the increase in fair value. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts), Date Account Titles and Explanation Debit Credit Dec 31. 2021 Copyright 2770541 Loss on impairment 2770541