Presented below is information related to equipment owned by Marigold Company at December 31,2025 . Marigold intends to dispose of the equipment in the coming year. It is expected that the cost of disposal will be $20,800. As of December 31,2025 , the equipment has a remaining useful life of 5 years. (a). (b) (c) The asset was not sold by December 31,2026 . The fair value of the equipment on that date is $5,512,000. Prepare the journal entry (if any) necessary to record this increase in fair value. It is expected that the cost of disposal is still $20,800. (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. Do not indent manually. List debit entry before credit entry.)