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1. Purchased a copyright on January 1, 2020 for $69,000. It is estimated to have a 10-year life. 2. On July 1, 2020, legal fees

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1. Purchased a copyright on January 1, 2020 for $69,000. It is estimated to have a 10-year life. 2. On July 1, 2020, legal fees for successful defense of the copyright purchased on January 1, 2020, were $19,665. Prepare the journal entries to record all the events related to the copyright during 2020. (Credit account titles are automatically indented when the amount is entered. Do not indont ) Date Account Titles and Explanation Debit Credit At December 31, 2021, an impairment is performed on the conturchased in 2010 time that the net cash flows to be received from the copyright will be 169,000, and is far as 165.50. The accumulated amortation at the end of 2021 w 10,005 Computer mom of moment, any, to be recorded on December 1,001 here is less en mairment then enteramente ning either a native si arding the number parentheses (48 Amount of mpament

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