The following information is for a copyright owned by Ayayai Corp., a publicly accountable entity, at December 31, 2020. Ayayai Corp. applies IFRS.

Cost$4,324,000

Carrying amount2,141,000

Expected future net cash flows (undiscounted)2,042,000

Fair value1,553,000

Assume that Ayayai Corp. will continue to use this copyright in the future. As at December 31, 2020, the copyright is estimated to have a remaining useful life of 10 years. The copyright's value in use is $1,801,000 and its selling costs are $115,000.

prepare the journal entry if any to record assets impairment at december 31