s avaliable for Gorman Company Purchaned a copyright on Jeuary 1, 2017 for $60,000. 1t is estimated to have a 10-year life On July 1, 2017, legal fees for successhul defense of the copyright purchased on Jenuary 1, 2017, were $17,100 Prepare the youmal entries to record all the events related to the copyright during 2017(Credlt account eitles are automatically Indented when the amount is Account TRles and Explanation Debit Credit January 2, 2017 July 1, 2017 December 31, 2017 December 31, 2018,an impsirment test is performed on the copyright purchased in 2017 It is estimated that the net cash ows to be received from the 14,700. Compute the amount of imparment, if any, to be eceog.000, and ts fair velue is $57,000. The accumulated amortization at the end of 20 any, to be recorded on December 31, 20:8. (Enter negative amounts using elthera negative sign preceaing the number eg -45 or parentheses e.g. (45)) Amount of impairment