Oriole Co$.$ purchased equipment that was Installed and ready for use at the beginning of January $2025$ for a total cost of $$1,234,000.$ The salvage value was estimated at $$185,000.$ The machinery is depreciated over five years using the straight$-$line method. At December $31,2027,$ the undiscounted expected future net cash flows were $$497,000$ and the discounted expected net cash flows were $$447,300.($a$)$ Your answer is correct. Prepare the journal entry to record the impairment loss $($if any$)$ at $12/31/2027.($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.$)$ Account Titles and Explanation Loss on Impairment Accumulated Depreciation$-$Equipment: List of Accounts Using multiple attempts will impact your score. $10\%$ score reduction after attempt $2$ Debit $157300$ Credit $15730$ Attempts: $1$ of $3$ used $($b$)$ Your answer is incorrect. Assume that Oriole did not use the asset in $2028$ and listed it for sale. At $12/31/28,$ the asset had a fair value of $$497,000$ and a disposal cost of $$8,000.$ Prepare any journal entry needed at that date with regard to the asset. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.List debit entry before credit entry.$)$ Account Titles Debit Credit