1. Prepare the entry (entries) to record any impairment

1. Prepare the entry (entries) to record any impairment losses at March 31 2011. Assume the company recorded no impairment losses in previous years.
Required
The final task in the year-end process was to assess the assets for impairment which resulted in the following schedule.
2. $61000 of the mortgage balance is due beyond March 31 2012.
1. All accounts have normal balances.
Other information:
Staples Company completed all of its March 31 2011 adjustments in preparation for compiling its financial statements which resulted in the following trial balance.

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