Problem 119 Tamarisk Company uses special strapping equipment in its packaging business. The equipment was purchased in January 20s for $1 ntroduced that woud estinuted usel We of controle estinates that expected Mure net cash fows onthe eapnenta be $730,000 n thX the tar vaue ofthe egonnt is SS,720,00 tanna nte continue using the equipment, but it is estimated that the remaining useful Ife is 4 years,Tamarisk uses straight ine deprecution e of Tamanisk's equipment. Tamarisk's years wth no new becheelogy was Prepare the journal entry ( any) to record the mpairment at December 31, 2017,( Do not indent manually.) oo entry is required st y for the unt sitles and eer o for the ameunts Cties are utoatikally indonted when aount s Date Account Tiees and Explanation tar vake of-eg4nert s entered Do not ivdent mwsaly Prepare the journal entry for the equpment at December 31, 2018. The indented when Credit account tinles are automatically Date Account Teles and Explanation Dec.31 anuat l prepare the journal entry 04 aw) to record the moarment at December 2017 and sor the enonent oomba n, 20ts, sumo ea tonk etem to anoe area entry is reguired, select "No entry for the account titles and enter O for the amounts Credit account ndented when Prepare the journal entry any) to record the impaiment at December 31, 2017 and for the equipment at December 31,3018, sumng that fanansk intends to dispose of the equpment and that t has net been dspesed of as of Decembr 33, 208 try "equired select "No ertry" for the occount ,ties and enter 0 fur the amounts Credit account ties are automenaly ndened when amont is enteree not nmit mini Date Aerount Titles and Explarubion 12/32/17 1231/38 Cick f you would Ske to Show Work for this question: pen Show Work