AS EXERCISE 12-17 The following informations for a bo n ed by Concord Corp., a private entito December 31, 2020. Concord Corppp Cost 14.127.000 Caring amount 2.170.000 Expected future et cash rows und counted) 2.024.000 1.750.000 ar value Assume that Concord Corp will continue to use this copyright in the future. Ast December 31, 2020, the copy the amount is entered. Do not indent m y Prepare the journal entry, if any, to record the impairment at December 31, 2020. (Credit account If no entry is med sedert Ne Entry for the countles and enter for the amount LINK TO TEXT utomatically indented when the amount is entered not indent a lly Prepare the journal entry to record amation Ir no entry is required selecte Entry for the for 2021 related to the orghe (credit account best and enter of the amounts Account Titles and Explanation