Part 3: At the end of 2019, Sapporo Group tests a machine for impairment. The machine is carried at depreciated historical cost, and its carrying amount is 150,000. It has an estimated remaining useful life of 10 years. The machine's recoverable amount is determined on the basis of a value-in-use calculation, using a pretax discount rate of 15%. Management-approved budgets reflect estimated costs necessary to maintain the level of economic benefit expected to arise from the machine in its current condition. The following information related to future cash flows is available at the end of 2019 (amounts in thousands). Year Future Cash Flow Year Future Cash Flow 2020 22,165 2021 21,450 2022 20,550 2023 24,725 2024 25,325 2025 24,825 2026 24,123 2027 25,533 2028 24,234 2029 22,850 Required: Section 1: a. Compute the amount of the impairment loss at December 31, 2019. b. Prepare the journal entry to record the impairment loss, if any, at December 31, 2019. Section 2: c. In the years 2020-2022, no event occurs that requires the machine's recoverable amount to be re-estimated. At the end of 2023, costs of 25,000 are incurred to enhance the machine's performance. Revised estimated cash flows in management's most recent budget are as follows. Year Future Cash Flow Year Future Cash Flow 2024 30,321 2027 31,950 2025 32,750 2028 33,100 2026 31,721 2029 27,999 d. Prepare the journal entry for an impairment or reversal of an impairment at December 31, 2023