Tamarisk Golf and Sports was formed on July 1, 2020, when Steve Powerdriver purchased Old Master Golf Corporation. Old Master provides video golf instruction at kiosks in shopping malls. Powerdriver's plan is to make the instruction business part of his golf equipment and accessory stores, Powerdriver paid $670,000 cash for Old Master. At the time of purchase, Old Master's statement of financial position reported assets of $560,000 and liabilities of $100,000 (shareholders' equity was $460,000 ). The fair value of Old Master's identifiable assets was estimated to be $710,000. Included in the identifiable assets was the Old Master trade name with a fair value of $14,000 and a copyright on some instructional books with a fair value of $26,000. The trade name had a remaining legal life of five years and can be renewed indefinitely at nominal cost. The copyright had a remaining life of 40 years. Assume that Tamarisk Golf and Sports is a private company reporting under ASPE. Prepare the intangible assets section of Tamarisk Golf and Sports at December 31, 2020. (Round answers to 0 decimal places, eg. 5,275. How much amortization expense is included in Tamarisk's income for the year ended December 31,2020 ? (Round answer to 0 decimal places, es. 5,275.) Amortization expense Prepare the journal entry to record the amortization expense for 2021. (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 occount titles and enter O for the amounts.) eTextbook and Media List of Accounts Prepare the intangible assets section of Tamarisk Golf and Sports at December 31, 2021. (No impairment needs to be recorded in 2021.) (Round answers to 0 decimal places, e g. 5.275.) At the end of 2022, Powerdriver is evaluating the results of the instructional business. Due to fierce competition from Internet sites and television, the Old Master reporting unit has been losing money and has a carrying amount (including goodwill) of $460,000 and fair value (including goodwill) of $435,000. Powerdriver has collected the following information about the company's intangible assets: Prepare the required journal entries, if any, to record impairment on Tamarisk's intangible assets. (Assume that amortization for 2022 has been recorded.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)