At the end of 2023. Whispering Winds Corporation owns a licence with a carrying amount of $515,000. Whispering Winds expects undiscounted future cash flows from this licence to total $519,500. The licence's fair value is $409,800 and disposal costs are estimated to be nil. The licence's discounted cash flows (that is, value in use) are estimated to be $455.900. Assume that the licence was granted in perpetuity and has an indefinite life, and that Whispering Winds prepares financial statements in accordance with ASPE. Assume that the licence was granted in perpetuity and has an indefinite life. Your answer is partially correct. Determine if the licence is impaired at the end of 2023. The licence at the erid of 2023. Prepare any related entry that is necessarv. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select 'No Entry' for the account titles and enter O for the amounts. List debit entry before credit entry) Assume the recoverable amount is calculated to be $434.400 at the end of 2024 . Determine if the licence is impaired at the end of 2024. The licence at the end of 2024 Prepare any related entry that is necessary. (Credit occount titles are automatically indented when the amount is entered, Do not indent manually. If no entry is required, select 'No Entry' for the account titles ond enter Ofor the amounts. List debit entry before credit entry)