Sheffield Corporation purchased equipment for $736000 in 2025 . Two years later, the equipment has accumulated depreciation of $234000 and Sheffield has concerns that the equipment has been impaired. Future cash flows are estimated to be $489000. The controller believes the current fair value of the equipment to be approximately $433000. The journal entry to record the impairment loss on the equipment will include credit to Accumulated Depreciation - Equipment for $13000. credit to Loss on Impairment for $69000. credit to Accumulated Depreciation - Equipment for $69000. no impairment has occurred, so no journal entry is required