please answer all the questions

The management of Wildhorse Inc. was discussing whether certain equipment should be written off as a charge to current operations because of obsolescence. This equipment has a cost of $1,062,000 with depreciation to date of $472,000 as of December 31,2025 . On December 31,2025 , management projected its future net cash flows from this equipment to be $354,000 and its fair value to be $271,400. The company intends to use this equipment in the future. Prepare the journal entry (if any) to record the impairment at December 31, 2025. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. So not indent manually, List debit entry before credit entry.) At December 31,2026 , the equipment's fair value increased to $301,400. Prepare the journal entry (if any) to record this increase in fair value. (If no entry is required, select "No entry" for the account titles and enter Ofor the amounts. Credit occount tities are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry)