Shown below are the T accounts relating to equipment that a company purchased for cash on the first day of the current year. The T accounts show the balance in the accounts on January $1$ along with the effects of transactions recorded on December $31$ of the current year. The company depreciates equipment on a straight$-$line basis with an estimated useful life of $10$ years and a residual value of $$350.$ Part of the equipment was sold on the last day of the current year for cash proceeds while the remaining equipment that was not sold became impaired.Cash :Jan. $1($a$)$ Dec. $31$ Jan. $11,170$ Equipment $2,900$ Dec. $31.1,160$ Accumulated Depreciation$-$Equipment Dec. $31255$ Dec. $31.102$ Dec. $31.59$Depreciation Expense Dec$\mathrm{.}31($b$)$ Gain on Disposal. Dec. $31($c$)$Impairment Loss : Dec$\mathrm{.}31($d$)$Reconstruct the journal entries to record the following and derive the missing amounts: $($List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$ a$.$ Purchase of equipment on January $1.$ What was the cash paid? b$.$ Depreciation recorded on December $31.$ What was the depreciation expense? c$.$ Sale of part of the equipment on December $31.$ What was the gain on disposal? d$.$ Partial impairment loss on the remaining equipment on December $31.$ What was the impairment loss?No$.$ Date $?$Account Titles and Explanation? Debit $?$ Credit $?$a$.$ Jan. $1$ b$.$ Dec. $31$ C$.$ Dec. $31$Cash : Dec. $31.1,170.$ Jan. $1$ Equipment : Jan $1.2,900$ Dec. $31.1,160$ Accumulated Depreciation$-$Equipment Dec. $31.102.$ Dec. $31.255,$ Dec $.31.59$Depreciation Expense Dec$\mathrm{.}31($b$)$ Gain on Disposal Dec. $31($c$).$ Impairment Loss Dec$\mathrm{.}31.($d$)$