On January 2, 2020, Blue Corp, reported the following intangible assets: (1) copyright with a carrying value of $20,000, and (2) a trade name with a carrying value of $6,700. 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 10 years. At December 31, 2020, Blue assessed the intangible assets for possible impairment and developed the following information. Prepare any journal entries required for Blue's intangible assets at December 31, 2020. (Credit account tities 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)