On January 1, 20Y1, Martin Manufacturing paid $40,000 cash for a new piece of manufacturing equipment. The machine had a 5-year estimated useful life with a $5,000 salvage value. Martin uses double-declining balance depreciation. During 20Y2, brand new technology was developed in Martin's industry. This development triggered an impairment analysis of Martin's existing machinery at the end of the year. 20Y2 depreciation had already been recorded by the time of the analysis. As of 12/31/20Y2, the manufacturing equipment purchased in 20Y1 had an expected future cash flow of $12.000 and a fair market value of $2,000. Using the following template, show how the above transactions impacted Martin's Statement of Cash Flows, Income Statement, and Balance Sheet for 20Y1 and 20Y2. For the Balance Sheet, indicate cumulative changes. STATEMENT OF CASH FLOWS 20Y1 20Y2 Net Cash Flows INCOME STATEMENT 20Y1 20Y2 Net Income INCOME STATEMENT 20Y1 20Y2 Net Income BALANCE SHEET (CUMULATIVE CHANGES) ASSETS: 20Y1 20Y2 Change in Assets LIABILITIES + EQUITY: Change in Liabilities + Equity