Only part b amount of the above question needed. Rest everything is mentioned

Exercise 12-13 (Part Level Submission) At the end of 2020, Pronghorn Corporation owns a licence with a remaining life of 10 years and a carrying amount of $527,000. Pronghorn expects undiscounted future cash flows from this licence to total $532,000. The licence's fair value is $421,500 and disposal costs are estimated to be nil. The licence's discounted cash flows (that is, value in use) are estimated to be $475,100. Pronghorn prepares financial statements in accordance with IFRS. (a) Your answer is correct. Determine if the licence is impaired at the end of 2020. The licence is impaired at the end of 2020. Prepare any related entry that is necessary. (Credit account titles are automatically indented when the 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.) Account Titles and Explanation Debit Credit TLoss on Impairment 51900 Accumulated Impairme 51900 SHOW LIST OF ACCOUNTS SHOW SOLUTION LINK TO TEXT LINK TO TEXT (b) Your answer is partially correct. Try again. Assume the recoverable amount is calculated to be $443,700 at the end of 2021. Determine if the licence is impaired at the end of 2021. The licence is not impaired at the end of 2021. Prepare any related entry that is necessary. (Credit account titles are automatically indented when the 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.) Account Titles and Explanation Debit Credit Accumulated Impairment Recovery of Loss from Imp Attempts: 4 of 5 used