Please help me finish journal entry #3!!!

Also help me finish this seperate question:

Please Help me find Impairment Loss

Required information [The following information applies to the questions displayed below.] During the current year, Merkley Company disposed of three different assets. On January 1 of the current year, prior to the disposal of the assets, the accounts reflected the following: Asset Machine A Machine B Machine C Original Cost $ 36,000 49,000 75,900 Residual Value $ 3,000 4,000 6,300 Estimated Life 12 years 8 years 17 years Accumulated Depreciation (straight line) $27,500 (10 years) 33,750 (6 years) 49,129 (12 years) The machines were disposed of during the current year in the following ways: a. Machine A: Sold on January 1 for $8,000 cash. b. Machine B: Sold on December 31 for $10,225; received cash, $2,300, and a $7,925 interest-bearing (12 percent) note receivable due at the end of 12 months. c. Machine C: On January 1, this machine suffered irreparable damage from an accident. On January 10, a salvage company removed the machine at no cost. Required A Required B Required C. Give all journal entries related to the disposal of Machine B in the current year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Transaction General Journal Debit Credit A December 31 5,625 Depreciation expense Accumulated depreciation, Machine B 5,625 B December 31 Cash 2,300 7,925 Note receivable Accumulated depreciation, Machine B Equipment (Machine B) Gain on disposal of machine 49,000 23,525 Starn Tool & Manufacturing Company, located in Meadville, PA, provides component machining for robotics, drones, vision systems, and special machines and assemblies for the aerospace, military, commercial, automotive, and medical industries. Assume the company has five different intangible assets to be accounted for and reported on the financial statements. The management is concerned about the amortization of the cost of each of these intangibles. Facts about each intangible follow: a. Patent. The company purchased a patent for a new tool at a cash cost of $80,600 on January 1, 2020. The patent has an estimated useful life of 13 years. b. Copyright. On January 1, 2020, the company purchased a copyright for $32,000 cash. It is estimated that the copyrighted item will have no value by the end of 10 years. c. Franchise. The company obtained a franchise from H & H Tool Company to make and distribute a special item for the automotive industry. It obtained the franchise on January 1, 2020, at a cash cost of $16,300 for a 10-year period. d. License. On January 1, 2019, the company secured a license from the city to operate a special service for a period of five years. Total cash expended to obtain the license was $15,900. e. Goodwill. The company purchased another business in January 2017 for a cash lump sum of $590,000. Included in the purchase price was "Goodwill, $59,000." Company executives stated that "the goodwill is an important long-lived asset to us." It has an indefinite life. Required: 1. Compute the amount of amortization that should be recorded for each intangible asset at the end of the annual accounting period, December 31, 2020. a. Patent $ 6,200 3,200 b. Copyright c. Franchise d. License $ $ $ 1,630 3,180 0 e. Goodwill $ 2. Determine the book value of each intangible asset on December 31, 2021. Item Book Value Dec. 31, 2021 $ 68,200 25,600 a. Patent b. Copyright c. Franchise d. License 13,040 6,360 59,000 172,200 e. . Goodwill Total book value $ 3. Assume that on January 2, 2022, the copyrighted item was impaired in its ability to continue to produce strong revenues. The other intangible assets were not affected. Starn estimated that the copyright would be able to produce future cash flows of $22,700. The fair value of the copyright was determined to be $21,700. Compute the amount, if any, of the impairment loss to be recorded. Impairment loss Required information [The following information applies to the questions displayed below.] During the current year, Merkley Company disposed of three different assets. On January 1 of the current year, prior to the disposal of the assets, the accounts reflected the following: Asset Machine A Machine B Machine C Original Cost $ 36,000 49,000 75,900 Residual Value $ 3,000 4,000 6,300 Estimated Life 12 years 8 years 17 years Accumulated Depreciation (straight line) $27,500 (10 years) 33,750 (6 years) 49,129 (12 years) The machines were disposed of during the current year in the following ways: a. Machine A: Sold on January 1 for $8,000 cash. b. Machine B: Sold on December 31 for $10,225; received cash, $2,300, and a $7,925 interest-bearing (12 percent) note receivable due at the end of 12 months. c. Machine C: On January 1, this machine suffered irreparable damage from an accident. On January 10, a salvage company removed the machine at no cost. Required A Required B Required C. Give all journal entries related to the disposal of Machine B in the current year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Transaction General Journal Debit Credit A December 31 5,625 Depreciation expense Accumulated depreciation, Machine B 5,625 B December 31 Cash 2,300 7,925 Note receivable Accumulated depreciation, Machine B Equipment (Machine B) Gain on disposal of machine 49,000 23,525 Starn Tool & Manufacturing Company, located in Meadville, PA, provides component machining for robotics, drones, vision systems, and special machines and assemblies for the aerospace, military, commercial, automotive, and medical industries. Assume the company has five different intangible assets to be accounted for and reported on the financial statements. The management is concerned about the amortization of the cost of each of these intangibles. Facts about each intangible follow: a. Patent. The company purchased a patent for a new tool at a cash cost of $80,600 on January 1, 2020. The patent has an estimated useful life of 13 years. b. Copyright. On January 1, 2020, the company purchased a copyright for $32,000 cash. It is estimated that the copyrighted item will have no value by the end of 10 years. c. Franchise. The company obtained a franchise from H & H Tool Company to make and distribute a special item for the automotive industry. It obtained the franchise on January 1, 2020, at a cash cost of $16,300 for a 10-year period. d. License. On January 1, 2019, the company secured a license from the city to operate a special service for a period of five years. Total cash expended to obtain the license was $15,900. e. Goodwill. The company purchased another business in January 2017 for a cash lump sum of $590,000. Included in the purchase price was "Goodwill, $59,000." Company executives stated that "the goodwill is an important long-lived asset to us." It has an indefinite life. Required: 1. Compute the amount of amortization that should be recorded for each intangible asset at the end of the annual accounting period, December 31, 2020. a. Patent $ 6,200 3,200 b. Copyright c. Franchise d. License $ $ $ 1,630 3,180 0 e. Goodwill $ 2. Determine the book value of each intangible asset on December 31, 2021. Item Book Value Dec. 31, 2021 $ 68,200 25,600 a. Patent b. Copyright c. Franchise d. License 13,040 6,360 59,000 172,200 e. . Goodwill Total book value $ 3. Assume that on January 2, 2022, the copyrighted item was impaired in its ability to continue to produce strong revenues. The other intangible assets were not affected. Starn estimated that the copyright would be able to produce future cash flows of $22,700. The fair value of the copyright was determined to be $21,700. Compute the amount, if any, of the impairment loss to be recorded. Impairment loss