Presented below is information related to copyrights owned by Wamser Corporation at December 31, 2012. Cost $3,600,000 Carrying amount 3,100,000 Expected future net cash flows 2,800,000 Fair value 1,900,000 Assume Wamser will continue to use this asset in the future. As of December 31, 2012, the copyrights have a remaining useful life of 5 years. Instructions (a) Prepare the journal entry (if any) to record the impairment of the asset at December 31, 2012. (b) Prepare the journal entry to record amortization expense for 2013. (c) The fair value of the copyright at December 31, 2013 is $2,000,000. Prepare the journal entry (if any) necessary to record this increase in fair value.