Novak Corp. has a patent with a cost of $410,000 and accumulated amortization of $292,000, which was not used much during the current year. Management has determined that undiscounted future cash flows are $116,100 while the discounted cash flows are $104,490. The fair value of the equipment is $121,100 and would cost management $4,200 to sell it. Novak Corp. has asked you, to prepare any impairment loss journal entries required under (1) IFRS and (2) ASPE. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.)