Conduct the impairment test for plant and equipment at the end of the year to determine whether Tank Top Menswear's assets are impaired.

Now, complete step $2$ of the impairment test for plant and equipment. Select whether step $2$ of the test is required on the first line. $($If the test is not required, leave all remaining cells in that column

blank. However, if the test is required, but no impairment loss exists, then leave only the impairment loss input cell blank in that column.$)$

Next, if there is an impairment loss, prepare the journal entry necessary to record the impairment. $($Record debits first, then credits. Exclude explanations from any journal entries. If no entry

is required, select $"$No entry required" on the first account line and leave the remaining cells blank. Round your answer to the nearest whole dollar.$)$