Sheridan Company owns equipment that cost $963,000 and has accumulated depreciation of $406600. The expected future net cash flows from the use of the asset are expected to be $535,000. The fair value of the equipment is $428.000 Prepare the journal entry, if any, to record the impalement loss. no entry is required, select "No entry for the account titles and entero for the amounts Credit account titles are automatically indented when amount is entered. Do not Inderit manually) Account Titles and Explanation Debit Credit