zhang Zinc Mines Ltd. decided on 1 Apnil 20X8 to dispose of one of its mining properties in northern Ontanio. The property consists of mineral rights (an intangible asset) and the on-site mining equipment. The mineral rights have a camying value of $1,380,000 while the mining equipment has a net book value (after depreciation) of S590,000. Due to the currently depressed value of zinc on the world market, the value of the mineral rights is estimated to be $895,000. The recoverable amount of the mining equipment is very low, no more than $138,000 because most of the equipment is fixed to the property and cannot be moved at any reasonable cost Zhang's Board of Directors has launched an active search for a resource company (or a speculator) to buy the mine, the board is confident of finding a buyer in no more than one year As a public company traded on the TSX, Zhang must provide quarterly statements to the shareholders Required: 1. Prepare joumal entries to recognize the mineral rights and equipment as a disposal group, including any reclassification entries, if necessary. (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Racord tha entry to racogniza mineral rights and equipmant as a disposal group Note: Enter debits before credits. Date Debit Credit 1 April 20xs