As of December $31,2025,$ Winger Company has Equipment $($an asset$)$ that had an original cost of $$674,000$ and depreciation taken to date of $$86,000.$ Management has decided that a triggering event has occurred, and the asset should be further evaluated for impairment. Management projected its future net cash flows from this equipment to be $$532,000$ and its fair value to be $$312,800.$ The equipment has a remaining useful life of four years and no salvage value.

Required: Assume that Winger Company will continue to use this asset in the future.

a$.$ Prepare the journal entry $($if any$)$ to record the impairment of the asset at December $31,2025.$ If $"$No Entry" is needed, please indicate $"$No Entry".

$\backslash$table$[[$Reference:$,$Account Title,Debit:,Credit:$],[12/31/25.,$type your answer...,type your answer...,type your answer...$],[,$type your answer...,type your answer...,type your answer...$]]$

b$.$ Prepare the journal entry $($if any$)$ to record depreciation expense for $2026.$ Use the straight$-$line method. If $"$No Entry" is needed, please indicate $"$No Entry".

$\backslash$table$[[$Reference:$,$Account Title,Debit:,Credit:$],[\frac{12}{31}\frac{?}{26},$type your answer...,type your answer...,type your answer...$],[,$type your answer...,type your answer...,type your answer...$]]$

c$.$ The fair value of the equipment at December $31,2026,$ is $$356,100.$ Prepare the journal entry $($if any$)$ necessary to record this increase in fair value. If $"$No Entry" is needed, please indicate $"$No Entry".

$\backslash$table$[[$Reference:$,$Account Title,Debit:,Credit:$],[\frac{12}{31}\frac{?}{26},$type your answer...,type your answer...,type your answer...$],[,$type your answer...,type your answer...,type your answer...$]]$

Required: Assume that Winger Company intends to dispose of the equipment in the coming year. It is expected that the cost of disposal will be $$48,000.$

d$.$ Prepare the journal entry $($if any$)$ to record the impairment of the asset at December $31,2025.$ If $"$No Entry" is needed, please indicate $"$No Entry".

$\backslash$table$[[$Reference:$,$Account Title,Debit:,Credit:$],[\frac{12}{31}\frac{?}{26},$type your answer...,type your answer...,type your answer...$],[,$type your answer...,type your answer...,type your answer...$]]$

e$.$ Prepare the journal entry $($if any$)$ to record depreciation expense for $2026.$ Use the straight$-$line method. If $"$No Entry" is needed, please indicate $"$No Entry".

$\backslash$table$[[$Reference:$,$Account Title,Debit:,Credit:$],[\frac{12}{31}\frac{?}{26},$type your answer...,type your answer...,type your answer...$],[,$type your answer...,type your answer...,type your answer...$]]$