1. Marine Entity (Marine) is a retail business that sells motorboats. Marine is currently evaluating three of its boats for impairment. The original cost, selling price, and estimated cost to sell of the three boats are given below. Which, if any, of the boats are impaired? (5 points)

Boat	Original Cost	Selling price	Estimated Cost to sell
1	$5,000	$6,000	$500
2	10,000	15,000	3,000
3	15,000	16,000	2,000

1. None of the boats are impaired
2. Boat 1
3. Boat 2
4. Boat 3
5. Boats 1 and 3.