please can i get help with part C only

Sheridan Company uses special strapping equipment in its packaging business. The equipment was purchased in January 2019 for $10,700,000 and had an estimated useful life of 8 years with no salvage value. At December 31, 2020, new technology was introduced that would accelerate the obsolescence of Sheridan's equipment. Sheridan's controller estimates that expected future net cash flows on the equipment will be $6,741,000 and that the fair value of the equipment is $5,992,000. Sheridan intends to continue using the equipment, but it is estimated that the remaining useful life is 4 years. Sheridan uses straight-line depreciation Prepare the journal entry (if any) to record the impairment at December 31, 2020. (If no entry is required, select "No entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec 31 Loss on Impairment 2.033.000 Accumulated Depreciation Equipment 2.033.000 (b) ) Your answer is correct. Prepare all required journal entries (if any) at December 31, 2021. The fair value of the equipment at December 31, 2021, is estimated to be $6.313,000. (If no entry is required, select "No entry for the account titles and enter for the amounts Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Tities and Explanation Debit Credit Dec. 31 Depreciation Expense 1498000 Accumulated Depreciation Equipment 1498000 (c) Your answer is partially correct Prepare the journal entry (if any) to record the impairment at December 31, 2020 and for the equipment at December 31, 2021. assuming that Sheridan intends to dispose of the equipment and that it has not been disposed of as of December 31, 2021. (If no entry is required, select "No entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit 12/31/20 Loss on Impairment Accumulated Depreciation Equipment 12/31/21 Accumulated Depreciation Equipment 5992000 Recovery of Loss from Impairment 5992000