The following information is for a copyright owned by Bridgeport Corp., a publicly accountable entity, at December 31, 2023. Bridgeport applies IFRS. Cost $4,339,000 Carrying amount 2,168,000 Expected future net cash flows (undiscounted) 2,017,000 Fair value 1,568,000 Assume that Bridgeport will continue to use this copyright in the future. As at December 31, 2023, the copyright is estimated to have a remaining useful life of 8 years. The copyright's value in use is $1,865,000 and its selling costs are $113,000. (a) Prepare the journal entry, if any, to record the asset's impairment at December 31, 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 0 for the amounts. List debit entry before credit entry.) Date Account Titles and Explanation Dec. 31, 2023 Debit Credit