Flowers Corp. has a tax rate of $25\%$ in all years.

Information relating to Year $10$:

During Year $10,$ Flowers decided to sell the Bulbs Division $($Bulbs$)$ of its business. Bulbs met the qualifications of a discontinued component in Year $10$; however, the component was not expected to be sold until Year $11.$ Management estimates it will cost $$108,000$ to sell Bulbs and that Bulbs' has a current fair value of $$870,000.$

In Year $10,$ Flowers incurred a pre$-$tax income of $$467,000$ while operating Bulbs:

On December $31,$ Year $10,$ Bulbs' historical cost was $$3,200,000$ with associated accumulated depreciation of $$2,400,000.$

Provide the adjusting entry to record any impairment of Bulbs in Year $10.$ If no entry is needed choose $"$No Entry" for the debit and credit and $$0$ for the amount.

debit

credit

for the amount of :

In Year $10$ on the Balance Sheet, Flowers will report for Bulbs' Book Value for the amount of $