At the end of 2021, Magike is evaluating the results of the instructional business. Due to fierce competition from online and television leg. the Golf Channel, the Old Master reporting unit has been losing money. Its book value is now $410,000. The fair value of the Old Master reporting unit is $330,000. Mage has collected the following information related to the company's intangible assets Intangible Asset Expected Cash Flows fundiscounted) Fair Values Trade names $12.000 $4,000 Copyrights 40,000 35,000 Prepare the journal entries required, if any, to record impairments on Marin intangible assets. (Assume that any amortization for 2021 has been recorded.) (Credit account titles and automatically indented when 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