Need help on C please!

$5$ Required: Using the data and chart of accounts below, calculate the required items related to depreciation, impairment, and impairment restoration; and prepare the related journal entries.

Tips: This spreadsheet contains macros which will provide realtime feedback on EACH cell in the blue shaded area. Your score on the assignment will be

calculated based upon the $\%$ of the $11$ cells that are completed correctly. Use cell referencing where you can and work in order $($i$.$e$.$ start with requirement a$).$

Company Background Information:

Rainier Company uses special strapping equipment in its packaging business. The equipment was purchased in January $2024$ for $$10,500,000$ and had an estimated useful life

of $8$ years with no salvage value. At December $31,2025,$ new technology was introduced that would accelerate the obsolescense of Rainer's equipment. At that time, Rainier's

controller estimates that expected future net cash flows on the equipment will be $$6,300,000$ and that the fair value of the equipment is $$5,600,000.$ Rainier intends to continue

using the equipment, but it is estimated that the remaining useful life is $4$ years. Rainier uses straight$-$line depreciation.

Required:

a$.$ Calculate the annual depreciation expense amount that will be recorded for $2024.$

b$.$ Calculate the carrying value $($book value$)$ of the equipment as of $\frac{12}{31}\frac{?}{25}($prior to impairment$).$

c$.$ Recoverability Test: Calculate the difference between the sum of undiscounted future cash flows and the asset's carrying amount.

$($This is to determine the answer to the question: Is the sum of undiscounted future cash flows less than the asset's carrying amount? $($If your answer is yes, there is impairment.$)$

d$.$ Prepare the journal entry $($if any$)$ to record the impairment loss at $12/31/25.$

e$.$ Calculate the annual depreciation expense amount for $2026.$

f$.$ Calculate the carrying value of the equipment at $\frac{12}{31}\frac{?}{26}($inclusive of the $2026$ depreciation$).$