Extracts from the statements of financial position of Wild Boar Ltd as at 30 June 2017 and 30 June 2016 are as follows:

	2017 30 June	2016 30 June
Assets
Cash	150,000	180,000
Account receivables	96,000	85,000
Allowance for bad debts	(7,000)	(5,200)
Prepaid rent	50,000	56,000
Equipment	80,000	80,000
Accum. dep equipment	(32,000)	(28,000)
Land	200,000	100,000
Machine	800	0
Accum. dep Machine	50	0
Deferred tax asset	?	19,470
Liabilities
Trade payables	68,000	76,000
Unearned service revenue	60,000	50,000
Provision for annual leave	15,200	9,700
Deferred tax liability	?	18,900

Additional information:

(a) The accumulated depreciation on Equipment for tax purposes was $47,000 at 30 June 2017 (2016: $35,000). The annual depreciation expense of Equipment for accounting purposes was $4,000.

(b) The company acquired Machine at 1 July 2016 at the initial cost of $1,000 with an expected useful life of 10 years and the expected residual value of $0. The company uses the straight-line depreciation for Machine. The accumulated depreciation on Machine for tax purposes was $50 at 30 June 2017.

(c) The company uses the revaluation model for Land and Machine, while Equipment is measured based on the cost model. On 31 December 2016, Land was revalued to $200,000 and Machine was revalued to $800 with an expected useful life of 8 years.

(d) On 31 December 2017, the company revalued Land again. The fair value of Land on that date was $80,000.

(e) On 31 December 2017, the company had impairment tests for Equipment and Machine. The recoverable amount of Equipment was assessed as $43,000, while the recoverable amount of Machine was assessed as $615.

(d) The corporate tax rate is 30%.

Required:

Prepare the journal entries for the impairment of Equipment and Machine on 31 December 2017. Show workings.