pls show all of the step

Question 3: Amison Corp. purchased land and a building on May 1, 2021 for $385,000. The company paid $ 115,000 in cash and signed a 5% note payable for the balance. The note is due on February 1 , 2023. At that time, Arnison estimated that the land was worth $150,000 and the building $ 235,000 . The building was estimated to have a 25 -year useful life with a $35,000 residual value, The company has a December 31 year end and uses the single declining balance depreciation. The following are related transactions and adjustments during the next three years: 2021: Dec. 31 Record the annual depreciation. Paid the interest owning on the notes payable. 2022: Feb. 17 Paid $225 to have the furnace cleaned and serviced. Dec. 31 Recorded the annual depreciation. Paid the interest owing on the note payable. The land and building were tested for impairment. The land had a net realizable value amount of $120,000 and the value in use of $110,000. The building has a net realizable value of $220,000 and a value in use of $240,000. 2023: Jan. 31 Sold the land and building for $320,000 cash $110,000 for the land and $ 210,000 for the building. Feb. 1 Paid the note payable and interest owing. Required: 1. Record the above transactions and adjustments. 2. What factors may have been responsible for the impairment