Shown below are the T accounts relating to equipment that was purchased in cash by a company on the first day of the current year. The equipment was depreciated on a straight-line basis with an estimated useful life of 10 years and a residual value of $100. Some of the equipment was sold on the last day of the year for cash proceeds while some other equipment not sold became impaired.

Instructions
Based on the information provided, derive the value of the missing amounts in the income statement accounts.

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Accumulated Depreciation 314Cash Eo Dent. Equipment_ Jan. 1 1,100 Jan. 1,100 Dec. 31 100 Dec. 31 440 Dec. 3 40 Dec. 31 55 Depreciation Expense Gain on Disposal Impairment Loss