A company has some bottling equipment which cost $8.80 million, has a net book value of $4.25 million, estimated future cash flows of $3.73 million, and a fair value of $3.13 million. Which of the following correctly describes the recording of the asset impairment loss? O The loss account is debited for $.52 million and the asset account is credited for $.52 million O The loss account is debited for $1.12 million and the asset account is credited for $1.12 million. O The loss account is debited for $5.67 million and the asset account is credited for $5.67 million. O The loss account is debited for $5.07 million and the asset account is credited for $5.07 million