Waterway Company owns equipment that cost $1,071,000 and has accumulated depreciation of $452,200. The expected future net cash flows from the use of the asset are expected to be $645,000. The fair value of the equipment is $476,000. Prepare the journal entry, if any, to record the impairment loss. (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. List debit entry before credit entry.)