Exercise 2: (5 marks) Presented below is information related to assets owned by ABC Corporation at December 31 , 2021 Instructions: a) Prepare the journal entry (if any) to record the impairment of the assets at December 31,2021 . b) Prepare the journal entry to record depreciation expense for 2022 assuming that in this scenario the assets have a remaining useful life of 5 years as of December 31,2021 . c) The recoverable amount of the assets at December 31,2022 is $374,000. Prepare the journal entry (if any) to record this change in fair value