On December 31, 2011, Crescendo Company acquired a trademark tot P3.000.000 The trademark ons remaining legal life of four years it is anticipated that the trademat will be renewed in the future indefinitely On December 31, 202, before any adjusting entries for the year were made. It was determined that because of the decline in economy, the trademark is now expected to generato cash flows el just P105,000 per year The approprie discount rate is on What is the entry to record the impairment of trademark at year-ended December 31, 20x2? Please follow EXACT answer format DR ACCOUNTS FECEIVABLE 500.000 DR CASH 1,000 000 CR SALES 1 500,000 Your answer What is the carrying amount of the trademark for the year-ended December 31, 202