Lynx Oil Company, a successful efforts company, owns an individually significant lease with a cost of $2,200,000. As of December 31, 2019, Lynx Oil's year-end, the lease was not considered impaired. Prior to Lynx Oil Company filing their 2019 Form 10-K on February 20, 2020, a new well on an adjacent (neighboring) property was abandoned as a dry hole. Lynx Oil Company's lease is now considered 50% impaired. Indicate what year the impairment should be recognized and prepare the journal entry.