Shamrock Ltd., follows IFRS and was organized in 2022. Shamrock provided you with the following information. 1. Purchased a licence for $21,120 on July 1,2022 . The licence gives Shamrock exclusive rights to sell its services in the province and will expire on July 1,2030. 2. Purchased a patent on January 2,2023 , for $43,200. It is estimated to have a 5 -year life. 3. On April 1,2023, Shamrock purchased a small circuit board manufacturer for $368,000. Goodwill recorded in the transaction was $98,000. 4. On July 1,2023, legal fees for the successful defense of the patent purchased on January 2, 2023, were $11,880. 5. Research and development costs incurred as of December 31,2023 , were $80,000. At December 31,2023 , an impairment test is performed on the licence purchased in 2022 . It is estimated that the discounted cash flows to be received from the licence will be $14,000, and its fair value is $12,900 with disposal costs estimated to be nil. Calculate the amount of impairment, if any, to be recorded December 31,2023. Amount of impairment $ List of Accounts What is the amount to be reported for intangible assets on the SFP at December 31, 2022. What is the amount to be reported for intangible assets on the SFP at December 31, 2023. (Round answers to 0 decimal places, es 5.125.) Intangible assets List of Accounts Your answer is correct. Prepare the journal entries related to the patent during 2023. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts, List all debit entries before credit entries. Round answers to 0 decimal ploces, es. 5.125.)