Tamarisk Company uses special strapping equipment in its packaging business. The equipment was purchased in January 2019 for \\( \\$ 11,600,000 \\) and had an estimated useful life of 8 years with no salvage value. At December 31,2020 , new technology was introduced that would accelerate the obsolescence of Tamarisk's equipment. Tamarisk's controller estimates that expected future net cash flows on the equipment will be \\( \\$ 7,308,000 \\) and that the fair value of the equipment is \\( \\$ 6,496,000 \\). Tamarisk intends to continue using the equipment, but it is estimated that the remaining useful life is 4 years. Tamarisk uses straight-line depreciation. (a) Prepare the journal entry (if any) to record the impairment at December 31, 2020. (If no entry is required, select \"No entry\" for the account titles and enter \\( \\mathrm{O} \\) for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Prepare the journal entry (if any) to record the impairment at December 31, 2020 and for the equipment at December 31, 2021, assuming that Tamarisk intends to dispose of the equipment and that it has not been disposed of as of December 31, 2021. (If no entry is required, select \"No entry\" for the account titles and enter \\( \\mathrm{O} \\) for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Prepare all required journal entries (if any) at December 31, 2021. The fair value of the equipment at December 31, 2021, is estimated to be \\( \\$ 6,844,000 \\). (If no entry is required, select \"No entry\" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)