Crane Co. purchased equipment that was installed and ready for use at the beginning of January 2025 for a total cost of $1,229,000. The salvage value was estimated at $188,000. The machinery is depreciated over five years using the straight-line method. At December 31,2027 , the undiscounted expected future net cash flows were $527,000 and the discounted expected net cash flows were $474,300. (a) Prepare the journal entry to record the impairment loss (if any) at 12/31/2027. (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. List debit entry before credit entry.)