i only need part B

At the end of 2020, Sarasota Corporation owns a licence with a remaining life of 10 years and a carrying amount of $ 516,000. Sarasota expects undiscounted future cash flows from this licence to total $ 521,400. The licence's fair value is $ 411,200 and disposal costs are estimated to be nil. The licence's discounted cash flows (that is, value in use) are estimated to be $ 460,300. Sarasota prepares financial statements in accordance with IFRS, (a) Your answer is correct. Determine if the licence is impaired at the end of 2020. The licence is impaired at the end of 2020. Prepare any related entry that is necessary. (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 Loss on implement 55700 Accumulated Impairment Lossos-Licences 55,700 1 (b) Your answer is partially correct. Assume the recoverable amount is calculated to be $ 439,400 at the end of 2021. Determine if the licence is impaired at the end of 2021 The licence is not impaired at the end of 2021. Prepare any related entry that is necessary. (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 for the amounts.) Account Titles and Explanation Debit Credit Lots on Impairment 16600 Accumulated Impairment LostetUcences 76.000