$1-$Prepare the journal entry for the equipment at December $31,2026.$ The fair value of the equipment at December $31,2026,$ is

estimated to be $$6,018,000.($If no entry is required, select $"$No entry" for the account titles and enter $0$ for the amounts. Credit account

titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry.$)2-$Prepare the journal entry $($if any$)$ to record the impairment at December $31,2025$ and at December $31,2026,$ assuming that Nash

intends to dispose of the equipment and that it has not been disposed of as of December $31,2026.($If no entry is required, select $"$No

entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when amount is entered. Do not

indent manually. List all debit entries before credit entries.$)$