At the end of 2023, Pina Colada Corporation owns a licence with a carrying amount of $ 546,000. Pina Colada expects undiscounted future cash flows from this licence to total $ 550,500. The licence's fair value is $ 441,300 and disposal costs are estimated to be nil. The licence's discounted cash flows (that is, value in use) are estimated to be $ 489,300. Assume that the licence was granted in perpetuity and has an indefinite life, and that Pina Colada prepares financial statements in accordance with ASPE. Assume that the licence was granted in perpetuity and has an indefinite life The licence is impaired at the end of 2023. Prepare any related entry that is necessary