On January $1,2019,$ Price Pricey signed a purchase commitment for three years supplies of floppy disk. The agreement was: $100,000$ per year at the price of $$10\mathrm{.}00$ each. During the second year, the floppy disks to Price Pricey became worthless and can be sold for only $$2\mathrm{.}00$ each. What is the entry at December $31,2020$ to record the purchase commitment loss?