Use the information from the previous question to address the question below. On January 1, 2019,...

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Use the information from the previous question to address the question below. On January 1, 2019, the Pearl Corporation believes impairment of the machine purchased in 2017 may be necessary. Cash inflows attributed to the machine is estimated to be $75,000 each year for the remaining four years, and cash outflows attributed to the machine are estimated to be $25,000 each year for the remaining four years. Pearl Corporation is unable to determine a fair market value for the machine; however, they do know that the applicable discount rate is 10%. 8.0% 0.925926 " 1 9.0% 0.917431 10.0% 0.909091 1.783265 1.759111 1.735537 3 2.577097 2.531295 2.486852 4 3.312127 3.239720 3.169865 3.992710 3.889651 3.790787 6 4.622880 4.485919 4.355261 Record the journal entries for any possible impairment that has occurred (if no impairment loss, just write "N/A"). Use the information from the previous question to address the question below. On January 1, 2019, the Pearl Corporation believes impairment of the machine purchased in 2017 may be necessary. Cash inflows attributed to the machine is estimated to be $75,000 each year for the remaining four years, and cash outflows attributed to the machine are estimated to be $25,000 each year for the remaining four years. Pearl Corporation is unable to determine a fair market value for the machine; however, they do know that the applicable discount rate is 10%. 8.0% 0.925926 " 1 9.0% 0.917431 10.0% 0.909091 1.783265 1.759111 1.735537 3 2.577097 2.531295 2.486852 4 3.312127 3.239720 3.169865 3.992710 3.889651 3.790787 6 4.622880 4.485919 4.355261 Record the journal entries for any possible impairment that has occurred (if no impairment loss, just write "N/A").