Presented below is information related to copyrights owned by Sheridan Company at December 31, 2020.

Cost		$8,550,000
Carrying amount		4,350,000
Expected future net cash flows		4,180,000
Fair value		3,240,000

Assume that Sheridan Company will continue to use this copyright in the future. As of December 31, 2020, the copyright is estimated to have a remaining useful life of 10 years.

Prepare the journal entry to record amortization expense for 2021 related to the copyrights. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)