CALCULATOR FULL SCREEN PRINTER VERSION BACK NE Problem 11-09 (Part Level Submission) Crane Company uses special strapping equipment in its packaging business. The equipment was purchased in January 2019 for $10,100,000 and had an estimated useful We of years with no salvage value. At December 31, 2020, new technology was introduced that would accelerate the solescence of Cranes equipment. Crane's controler estimates that expected future et cash flow on the equipment will be $5,363,000 and that the fair value of the equipment is $5,656,000. Crane intends to continue using the equipment, but it is estimated that the remaining Me is 4 years. Crane uses straight line depreciation (a) (6) vo) Prepare the journal entry (if any) to record the impairment of December 31, 2020 and for the equipment at December 31, 2021, suring that Crane intends to dispose of the game and that it has not been disposed of is of December 31, 2021. (If neuntry is required, select "No entry for the account and for the amount creates are automatically Indented when amount is entered. Do not indent manually) Date Accountities and Explanation Debit Credit 12/31/20 12/31/21 Ce if you would like to show Work for this question Cew W