Presented below is information related to equipment owned by Gaston Company at December 31, 2017: Cost: $9,550,000 Accumulated depreciation to date: $1,830,000 Expected future net cash flows: $5,250,000 Fair value: 4,100,000 Gaston plans to continue using the equipment in the future. As of December 31, 2017, the equipment has a remaining useful life of 5 years. Required (a) Prepare the journal entry for Gaston Company to record the impairment of the equipment at December 31, 2017. (b) Prepare the journal entry to record depreciation expense for 2018. (c) Due to a change in circumstances, the fair value of the equipment at December 31, 2018, is $4,525,000. Prepare the journal entry (if any) necessary to record this increase in fair value.