Nash Company owns machinery that cost $738,000 and has accumulated depreciation of $311,600. The present value of expected future net cash flows from the use of the asset are expected to be $410,000. The fair value less cost of disposal of the equipment is $328,000 Prepare the journal entry, if any, to record the impairment loss. (If no entry is required, select "No entry" for the occount titles and enter O for the amounts, Credit account titles are automatically indented when amount is entered. Do not indent manually