The following information relates to a patent owned by Oriole Company: Cost $3,094,000 Carrying amount 1,972,000 Expected future net cash flow 1,485,000 Fair value 1,128,000 Prepare the journal entry (if any) to record the impairment of the asset at December 31, 2019, assuming Oriole will continue to use the asset in the future. (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.) Account Titles and Explanation Using the same assumption as part (a) above, prepare the journal entry to record amortization expense for 2020 assuming the asset has a remaining useful life of 3 years at the beginning of 2020. (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.) Account Titles and Explanation Using the same assumption as part (a) above, prepare the journal entry (if any) at December 31, 2020, assuming the fair value of the asset has increased to $2,071,000. (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.) Account Titles and Explanation Prepare the journal entry (if any) to record the impairment of the asset at December 31, 2019, assuming Oriole ceased using the patent at the end of 2019 and intends to dispose of the patent in the coming year. Oriole expects to incur a $11,900 cost of disposal. (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 O for the amounts.) Account Titles and Explanation