Metlock Golf Inc. was formed on July 1, 2019, when Matt Magilke purchased the Old Master Golf Company. Old Master provides video golf instruction at kiosks in shopping malls. Magilke plans to integrate the instructional business into his golf equipment and accessory stores. Magilke paid \\( \\$ 770,000 \\) cash for Old Master. At the time, Old Master's balance sheet reported assets of \\( \\$ 630,000 \\) and liabilities of \\( \\$ 210,000 \\) (thus owners' equity was \\( \\$ 420,000 \\) ). The fair value of Old Master's assets is estimated to be \\( \\$ 830,000 \\). Included in the assets is the Old Master trade name with a fair value of \\( \\$ 10,000 \\) and a copyright on some instructional books with a fair value of \\( \\$ 57,600 \\). The trade name has a remaining life of 5 years and can be renewed at nominal cost indefinitely. The copyright has a remaining life of 40 years. (a) Prepare the intangible assets section of Metlock Golf Inc. at December 31, 2019. How much amortization expense is included in Metlock income for the year ended December 31, 2019? Amortization expense Prepare the journal entry to record amortization expense for 2020. Prepare the intangible assets section of Metlock Golf Inc. at December 31, 2020. (No impairments are required to be recorded in 2020.) (Credit account titles are automatically indented when 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.) METLOCK GOLF INC. Intangibles Section of Balance Sheet \\( \\$ \\) \\( \\$ \\) At the end of 2021 , Magilke is evaluating the results of the instructional business. Due to fierce competition from online and television (e.g., the Golf Channel), the Old Master reporting unit has been losing money. Its book value (excluding the Tradenames and Copyrights) is now \\( \\$ 490,000 \\). The fair value of the Old Master reporting unit is \\( \\$ 410,000 \\). Magilke has collected the following information related to the company's intangible assets. Prepare the journal entries required, if any, to record impairments on Metlock intangible assets. (Assume that any amortization for 2021 has been recorded.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select \"No Entry\" for the account titles and enter \\( \\mathrm{O} \\) for the amounts.) Account Titles and Explanation Debit Credit