Presented below is information related to equipment owned by Marigold Company at December 31, 2025. Assume that Marigold will continue to use this asset in the future As of December 31, 2025, the equipment has a remaining useful life of 5 years. (a) Prepare the journal entry (if any) to record the impairment of the asset at December 31,2025 . (if no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account tities are automatically indented when amount is entered. Do not indent manually List debit entry before credit entry. Attempts: 2 of 12 used (b) Your answer is correct. Prepare the journal entry to record depreciation expense for 2026. (If no entry is required, select "No entry" for the occount titles and enter O for the dmounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entrx) Attempts: 1 of 12 used (c) The fair value of the equipment at December 31,2026 , is $5,304,000. Prepare the journal entry [if any) necessary to record this increase in fair value. (If no entry is required, select "No entry" for the account tities and enter 0 for the amounts. Credit account titles are outomatically indented when amount is entered. Do not indent manualk. List debit entry before credit entry.)