The following information below relates to equipment owned by Yoho Ltd at December 31, 2019: Cost $22,000,000 Accumulated depreciation to date 8,000,000 Expected future net cash flows (undiscounted) 13,000,000 Expected future net cash flows (discounted, value in use) 11,800,000 Fair value 10,600,000 Cost to sell (costs of disposal) 200,000 As at December 31, 2019 the equipment has a remaining useful life of five years. The company uses the straight-line method of depreciation. REQUIRED: Assume Yoho Ltd is a publicly traded company in Canada and uses IFRS a) Prepare the journal entry, at December 31, 2019, to record asset impairment, if any. (SHOW ALL CALCULATIONS CLEARLY). (5 marks) b) Prepare the journal entry to record depreciation expense for 2020. (SHOW ALL CALCULATIONS CLEARLY). (3 marks)