The following information is awailable for Pharoah Company, which uses the straight-line method of amortization and has a December 31 vear-end. 1. Purchased a copyright on January 1.2025 for $57,000. It is estimated to have a 10 -year life. 2. On July 1, 2025, legal fees for the successful defense of the copyright purchused on January 1, 2025, were $16,245. At December 31, 2026, an impairment test is performed on the copyright purchased in 2025 . It is estimated that the net cash flows to be received from the copyright will be $57,000, and its fair value is $54,150. The accumulated amortization at the end of 2026 was $13,965. Compute the amount of impairment, if any, to be recorded on December 31,2026. Amount of impsirment Prepare the journal entries to record all the events related to the copyright during 2025. (Credit account titles are automatically indented when the omount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries. Record entries in the order displayed in the problem statement.)