The following information relates to a patent owned by Sunland Company: Cost $3,468,000 Carrying amount 2,108,000 Expected future net cash flow 1,500,000 Fair value 1,548,000 (a) Prepare the journal entry (if any) to record the impairment of the asset at December 31, 2024. (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. List debit entry before credit entry.) Account Titles and Explanation Debit Credit