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Wanhoe Co. purehasce cquipment that wis instalice and reacy for use at the teginninz of Januar' 2025 iod a total cost o= $1228000 The salvame value was estimated at 1217 , 0o0. The machinery is depreciated ower fiw yars using the straitht line method. At December 31,2027 , the und scounted expected ft ture net cash flows were 3510 coc anc the discounted expected net cash flowi were 5459000 36. Yruc irs:wier i. inembre:1. Assume that lwanhe cid nut use the usset in 2028 and listed it fur sale. At 12i31 i 2 a the asset had a fair vilue of $510000 and a cisposel cost of $9,000. Preperc any joumal cntry ncesed at that te withiregard to the asset CCredit account tities are automatically indented when the anount is encered. Do not indent manually if no entry is required, select "Wo Entry" for the account tilles and enter 0 for the amounts. Lst deblt ensry before credit entryd $15,400,220. The contrakt requires that Sunlend restore the property to a stett susable for a park after drill ing and cxtraktion are complete. The estimated cost of this restoration is $2.357,000. Sunland incurs exploration costs of $1,335,000 anc intanjible site. In 202.5, 5t.nlane extrects 230,000 barrel: nf nil Your answer is partially corret. amounts. List debic entry before credit entrvv)

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