Shown below are the T accounts relating to equipment that was purchased for cash by a company on the first day of the current year. The Taccounts show the balance in the accounts on January 1 along with the effects of transactions recorded on December 31 of the current year. The equipment was depreciated on a straight-line basis with an estimated useful life of 10 years and a residual value of $360. 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. 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 for the amounts.) Date Account Titles and Explanation Debit Credit Equipment 2460 Jan. 1 Cash 2,460 Dec. 31 Depreciation Expense 210 Accumulated Depreciation - Equipment 210 Dec. 31 Cash 994 Accumulated Depreciation - Equipment 84 Equipment 984 Gain on Disposal 94 Dec. 31 Impairment Loss 3370 Accumulated Depreciation - Equipment 2320 (a) (b) (c) (d) Purchase of equipment on January 1. What was the cash paid? Depreciation recorded on December 31. What was the depreciation expense? Sale of part of the equipment on December 31. What was the gain on disposal? Partial impairment loss on the remaining equipment on December 31. What was the impairment loss? Cash Jan. 1 2.460 (a) Dec. 31 Jan. 1 984 994 Equipment 2,460 Dec. 31 Accumulated Depreciation-Equipment Dec. 31 84 | Dec. 31 Depreciation Expense 210 (6) Gain on Disposal Dec. 31 210 56 Dec. 31 Dec. 31 94 (c) Dec. 31 Impairment Loss 1410 )