Pharoah Corporation owns machinery with a book value of $$2199000.$ It is estimated that the machinery will generate future cash

flows of $$2007000.$ The machinery has a fair value of $$1930000.$ The journal entry to record the impairment loss will

increase the asset's Accumulated Depreciation account by $$269000.$

include a $$269000$ credit to the asset account.

record an extraordinary loss of $$77000.$

reduce income from continuing operations by $$192000.$