Vision Consulting Inc. completed all of its May 31, 2015, adjustments in preparation for preparing its financial statements, which resulted in the following adjusted trial balance. a) Prepare the entry (entries) to record any impairment losses at May 31, 2015. Assume the company recorded no impairment losses in previous years. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan). For each journal entry, indicate how each account affects the balance sheet (Assets, Liabilities, Equity). Use + for increase and - for decrease. For example, if an account decreases equity, choose '-Equity'. General Journal Page Gj1 Effect On Date Account/Explanation F Debit Credit Balance Sheet + Adjusted Trial Balance Accounts payable S4,900 Accounts receivable 9,200 Accumulated depreciation, building, 35,000 Accumulated depreciation, equipment 17,000 Accumulated depreciation, furniture 9,400 Allowance for doubtful accounts 400 Building 62,000 Cash 4,980 Equipment 43,000 Expenses, including cost of goods sold 343,000 Furniture 26,000 Share capital 25,400 Land 50,000 Merchandise inventory 16,300 Long-term notes payable. 39,000 Retained earnings 39,000 Sales 380,810 Unearned revenue 3,570 b) Prepare a classified balance sheet at May 31, 2015. (select one) Balance Sheet (select one) + - Cash 4,980 Equipment 43,000 Expenses, including cost of goods sold 343,000 Furniture 26.000 Share capital 25,400 Land 50.000 Merchandise inventory.. 16.300 Long-term notes payable 39,000 Retained earnings 39,000 Sales 380,810 Unearned revenue 3,570 b) Prepare a classified balance sheet at May 31, 2015. (select one) Balance Sheet (select one) 1) All accounts have normal balances. 2) $11,800 of the note payable balance is due by May 31, 2016. The final task in the year-end process was to assess the assets for impairment, which resulted in the following schedule. Asset Recoverable Value Land $51,100 Building. 26,000 Equipment 29,100 Furniture..... 18,700