Question No. 5 Impairment of Assets Toppenish Inc. purchased a snow groomer for $200,000 on January 1, 2021. The snow groomer had a ten-year life with a residual value of $10,000,andwasdepreciatedusingthe double declining depreciation method (20\%). On December 31, 2022, a test for impairment indicates that the undiscounted net cash flows are $120,000. At the same time, the groomer's actual fair value is $125,000. Required: Prepare an impairment test and provide (if necessary) the relevant journal entry