Buffalo Corporation paid $5,397,000 for 31% of the outstanding common shares of Sorna Ltd two years ago. At the time, the carrying value of Sorna's net assets $15,500,000. The excess paid over the carrying value of net assets was entirely attributable to specialized manufacturing equipment, which had an estimated remaining useful life of 8 years at the time of purchase. Prepare Buffalo's year-end journal entry to amortize the excess of cost over carrying amount. (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.) Account Titles and Explanation Debit Credit