please answer number 4 and 5

Journal entry questions. Questions are weighted as shown. Use the following data for questions 1 and 2: Lucren Company is considering a loss on impairment for one of its assets. Information on this asset follows: Cost $9,000,000 Accumulated depreciation to date 1,000,000 Expected future net cash flows 7,000,000 Fair value 4,800,000 Assume that Lucren will continue to use this asset in the future. As of 12/31/21, the equipment has a remaining useful life of 4 years. 1. (6 points) Prepare the journal entry (if any) at 12/31/21 to record impairment on this asset Debit Credit Impairment loss 13.200.000 Accumulated Depreciation Equipment 3,209,000 1800 por 4 (6 points) Prepare the journal entry to record depreciation expense on the asset for the year 2022. Credit 200000 Debit Depreciation Expense 1,200.000 Aceimulated Depreciation-kawiponent 1,200,000 3. 3. (4 points) Assuming the asset in questions 1 and 2 has an increase in fair value to $5,100,000 in 2022, prepare the journal entry (if any) necessary to record this increase. Debit Credit No entry is necessary 3 0.0064. 780000 300,000 (4 points) Assuming the asset in questions 1 and 2 has an increase in fair value 0,000 to $5,100,000 in 2022 and that Lucren intends to dispose of the asset (cost of disposal is estimated at $20,000), prepare the joumal entry (if any) necessary to b80,000 record this increase. Debit Credit 300,000 300,000 Recovery of loss on impairment Accumulated Depreciation 5. (4 points) Given the data in question #4, prepare the depreciation expense entry (if any) for the asset at 12/31/21. Debit Credit