1/ plz solve everything and I will rate if its right!

Sprinkle Time, Inc is reviewing all avalable information regarding the future use of its baking equipment, which it intends to use for the foreseeable future (i) (Click the icon to view additional information) Future Value of S1 lable Euture Value of an Ordinary Annuty table Euture Valoe of an Annuty Due table Prosent Value of $1 tapla Present Valve of an. Ordinary. Annuly table. Present Value of an Annuify Due table Read the tequicements. Requirement a, Compute the carrying value of Sprinklo Timo's equipment The carrying value of the baking equipment at the end of two yoars is More info The company has observed a decline in the demand for its products. The information also indicates that this equipment may be obsolete and could be impaired. Sprinkle Time acquired the equipment 2 years ago at a cost of $636,000 and depreciated it using the straight-line method with an estimated residual value of $6,000 and a 7 -year useful life. At the end of the second year, management estimates the following cash flows from the use of the asset - The cash expected on the disposal of the asset at the end of its useful life is included in the last cash flow. Assume all cash flows occur at the end of the a. Compute the carrying value of Sprinkle Time's equipment b. Compute the present value of expected cash flows under Estimate 1 and Estimate 2. Assume that the cost of capital is 7\%. For each estimate, is the present value of estimated future cash flows higher or lower than the equipment's carrying value? c. Conduct the impairment tests for Sprinkle Time under Estimate 1 and Estimate 2. If required, prepare the journal entry to record any impairment loss