\begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Cash } \\ \hline \multirow{2}{*}{\multicolumn{2}{|c|}{ Dec. 31}} & Jan. 1 & (a) \\ \hline & & & \\ \hline \multicolumn{4}{|c|}{ Equipment } \\ \hline \multirow[t]{2}{*}{ Jan. 1} & \multirow[t]{2}{*}{1,890} & & \\ \hline & & Dec. 31 & 756 \\ \hline \multicolumn{4}{|c|}{ Accumulated Depreciation-Equipment } \\ \hline & & Dec. 31 & 175 \\ \hline Dec. 31 & 70 & Dec. 31 & 54 \\ \hline \end{tabular} Depreciation Expense Dec. 31 (b) Gain on Disposal Dec. 31 (c) Impairment Loss Dec. 31 (d) Accumulated Depreciation-Equipment \begin{tabular}{ll|lr} \hline & Dec. 31 & 175 \\ Dec.31 & 70 & Dec. 31 & 54 \end{tabular} \begin{tabular}{cc|c} \multicolumn{3}{c}{ Depreciation Expense } \\ \hline Dec. 31 & (b) & \\ \multicolumn{3}{c}{ Gain on Disposal } \\ \hline & Dec. 31 & (c) \\ \multicolumn{3}{c}{ Impairment Loss } \\ \hline \end{tabular} Dec. 31 (d) c. Dec. 31 d. Dec. 31 Shown below are the T accounts relating to equipment that a company purchased for cash on the first day of the current year. The T accounts show the balance in the accounts on January 1 along with the effects of transactions recorded on December 31 of the current year. The company depreciates equipment on a straight-line basis with an estimated useful life of 10 years and a residual value of \$140. Part of the equipment was sold on the last day of the current year for cash proceeds while the remaining equipment that was not sold became impaired. Reconstruct the journal entries to record the following and derive the missing amounts: (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) a. Purchase of equipment on January 1 . What was the cash paid? b. Depreciation recorded on December 31. What was the depreciation expense? c. Sale of part of the equipment on December 31. What was the gain on disposal? d. Partial impairment loss on the remaining equipment on December 31. What was the impairment loss? a. Jan. 1 b. Dec. 31 c. Dec. 31