Waterway Inc. purchased equipment for $2398000 in 2025. Three years later, the equipment has accumulated depreciation of $756000 and Waterway has concerns that the equipment has been impaired. Future cash flows are estimated to be $1593000. The current fair value of the equipment is estimated to be approximately $1395000. The journal entry to record the impairment loss on the equipment will include O no impairment has occurred, so no journal entry is required. credit to Accumulated Depreciation - Equipment for $117000. debit to Loss on Impairment for $247000. debit to Accumulated Depreciation - Equipment for $247000