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Question 6 4 pts The Tyler Seguin Company has a broadcast license that has no foreseeable end to its useful life. The broadcast license is recorded at it original acquisition cost of $178,000. In the past, it was estimated that the broadcast license would generate cash flows of $12,000 per year. Recent changes in the broadcast environment have reduced the cash flows expected to be generated by the license. The data gathered by Tyler Seguin suggests that although the useful life of the license is still indefinite, the present value of the estimated future cash flows has been reduced to either $107.000 (with 70% probability or to $223,000 (with remaining probability). Compute the amount of impairment loss, if any, that should be recorded by Tyler Seguin related to the broadcast license. (Enter the loss as a positive number or enter O if there is no loss to be recorded.) Question 7 3 pts On May 31, 2022. Drew Brees Company collected $43,000 for a 2-year insurance policy beginning on the same date. The company has a December 31 year end. What is the balance of the revenue account related to this policy atter adjusting entries on December 31, 2022? | Hong