Presented below is information related to a copyright owned by Sheridan Company at December 31, 2025. Cost $8,640,000 Carrying amount 4,270,000 Expected future net cash flows 3,940,000 Fair value 3,360,000 Assume that Sheridan Company will continue to use this copyright in the future. As of December 31, 2025, the copyright is estimated to have a remaining useful life of 10 years. (a) Prepare the journal entry to record the impairment of the asset at December 31, 2025. The company does not use accumulated amortization accounts. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry.)