The following information is available for Cullumber Company 1. Purchased a copyright on January 1, 2020 for $55,200. It is estimated to have a 10-year life. 2. On July 1, 2020, legal fees for successful defense of the copyright purchased on January 1, 2020, were $15,732. Prepare the journal entries to record all the events related to the copyright during 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date At December 31, 2021, an impairment test is performed on the copyright purchased in 2020. It is estimated that the net cash flows to be received from the copyright will be $55,200, and its fair value is $52,440. The accumulated amortization at the end of 2021 was $13,524. Compute the amount of impairment, if any, to be recorded on December 31, 2021. (If there is a loss on impairment, then enter amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Amount of impairment