2. Harvester Inc. owns equipment for which it paid $100 million. At the end of 2006, it had accumulated depreciation charges on the equipment of $45 million. Due to adverse economic conditions, Harvester's management determined that it should assess whether an impairment should be recognized for the equipment. a. Assume that the estimated future cash flows (without discounting) to be provided by the equipment total $60 million, and its fair value at that point totals $55 million. In accordance with U.S. GAAP and under these circumstances, what is the amount of impairment loss Harvester should recognize? Prepare any necessary journal entries. (2 points) b. Assume that the estimated future cash flows (without discounting) to be provided by the equipment total $50 million, and its fair value at that point totals $45 million. In accordance with U.S. GAAP and under these circumstances, what is the amount of impairment loss Harvester should recognize? Prepare any necessary journal entries. (2 points)