Blossom Company owns equipment that cost $1,107,000 and has accumulated depreciation of $467,400. The expected future net cash flows from the use of the asset are expected to be $665,000. The fair value of the equipment is $492,000. Prepare the journal entry, if any, to record the impairment loss. (If no entry is required, select "No entry" for the account titles and enter of for the amounts. Credit account titles are outomatically indented when amount is entered. Do not indent manually. List debit entry before credit entry)