Cougar Corp.'s balance sheet includes the following asset: After performing its annual review for impairment, Cougar obtains the following data: Asset's value in use. $58,000 Fair value less disposal costs. 62,000 REQUIRED: 1. Assuming Cougar uses the rational entity impairment model, a) Calculate the recoverable amount. b) Calculate the impairment loss. c) Prepare the entry to record the impairment loss