Question ID: 11 Presented below is information related to a copyright owned by Beerbo Company at December 31, 2020. Cost.. ....$8,600,000 Carrying amount. ..........$4,300,000 Expected future net cash flows....... $4,000,000 Fair value. ..........$3,200,000 Assume that Mare Company will continue to use this copyright in the future. As of December 31, 2020, the copyright is estimated to have a remaining useful life of 10 years. Beerbo has the following account titles available in its general ledger: o Cash o Supplies o Copyrights o Accumulated Depreciation o Depreciation Expense o Amortization Expense o Loss on Impairment Assume Beerbo has a December 31 fiscal year-end. Input dollar amounts with commas, rounded to the nearest dollar. Use appropriate account titles. Is the copyright impaired? (Input "yes" or "no") What journal entry should Beerbo record related to the impairment? (Input zero in all fields if the copyright is not impaired) DR. .....................$ CR. ...........................$ What journal entry should Beerbo record related to amortization of the copyright for year-end 2021? DR. CR