Assume that Botticelli Company will continue to use this copyright in the future. As of December 31, 2012, the copyright is estimated to have a remaining useful life of 10 years. (a) Prepare the journal entry (if any) to record the impairment of the asset at December 31, 2012. The company does not use accumulated amortization accounts. (If no entry is required enter No Entry for the account and 0 for the amount.) Account/Description Debit Credit Gain on CopyrightCopyrightsLoss on ImpairmentCopyright Amortization ExpenseNo EntryRetained Earnings Retained EarningsGain on CopyrightNo EntryCopyrightsCopyright Amortization ExpenseLoss on Impairment (b) Prepare the journal entry to record amortization expense for 2013 related to the copyrights. Account/Description Debit Credit Loss on ImpairmentCopyright Amortization ExpenseRetained EarningsCopyrightsNo EntryGain on Copyright No EntryGain on CopyrightCopyright Amortization ExpenseRetained EarningsCopyrightsLoss on Impairment (c) The fair value of the copyright at December 31, 2013, is $3,610,480. Prepare the journal entry (if any) necessary to record the increase in fair value. (If no entry is required enter No Entry for the account and 0 for the amount.)