Current Attempt in Progress Swifty Company owns machinery that cost $756,000 and has accumulated depreciation of $319,200. The present value of expected future net cash flows from the use of the asset are expected to be $420,000. The fair value less cost of disposal of the equipment is $336,000. 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 O for the amounts. Credit account titles are outomatically indented when omount is entered. Do not indent manually.)