Splish Compary uses special strappirig equipment in its packaging business. The equipment was purchased in lamuary 2024 for $12,400,000 and had an estimated useful life of B years with no salvage value. At December 31, 2025, new technolosy was introduced that would accelerate the obsolescence of Splish's equipment. Splishis controller estimates that expected future net cash flows on the equipment will be $7,812,000 and that the fair value of the equipment is $6,944,000. Splish intends to continue using the equipment, but it is estimated that the remaining useful life is 4 years. Splish uses straight-line depreciation. (a) Prepare the journal entry (if any) to record the impairment at December 31, 2025. Of no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are outomatically indented when amount is entered. Do not indent manually, List debit entry before credit entryd)