Holden Corp. completed all of its February 28, 2015, adjustments in preparation for preparing its financial statements, which resulted in the following adjusted trial balance.

Adjusted Trial Balance Accounts payable $5,300 Accounts receivable. 8,700 Accumulated depreciation, building. 35,000 Accumulated depreciation, equipment... 17,000 Accumulated depreciation, furniture 9,600 Allowance for doubtful accounts 380 Building. 63,000 Cash 4,970 Equipment 42,000 Expenses, including cost of goods sold 345,000 Furniture 21,000 Share capital 29,400 Land 49,000 Merchandise inventory. 16,000 Long-term notes payable. 41,000 Retained earnings 38,000 Sales 370,380 Unearned revenue 3,610 1) All accounts have normal balances. 2) $11,900 of the note payable balance is due by February 29, 2016 The final task in the year-end process was to assess the assets for impairment, which resulted in the following schedule. Asset Recoverable Value Land. $50, 100 Building. 31,100 Equipment 28,100 9,400 Furniture... a) Prepare the entry (entries) to record any impairment losses at February 28, 2015. Assume the company recorded no impairment losses in previous years. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan). For each journal entry, indicate how each account affects the balance sheet (Assets, Liabilities, Equity). Use + for increase and - for decrease. For example, if an account decreases equity, choose '-Equity'. General Journal Page Gj1 Effect On Date Account/Explanation F Debit Credit Balance Sheet + b) Prepare a classified balance sheet at February 28, 2015. (select one) Balance Sheet (select one) X X X X