Impairment of a CGU, goodwill   LO5 Crossbow Ltd manufactures leather footwear for women. It has undertaken a strategy of buying out companies that had competing products. These companies were liquidated and the assets and liabilities brought into Crossbow Ltd. At 30 June 2019, Crossbow Ltd reported the following assets in its statement of financial position. Cash $ 20 000 Leather and other inventories 180 000 Brand ‘Crossbow Shoes’ 160 000 Shoe factory at cost 820 000 Accumulated depreciation — factory (120 000) Machinery for manufacturing shoes 640 000 Accumulated depreciation — machinery (240 000) Goodwill on acquisition of competing companies 40 000 $1 500 000 In response to competition from overseas, as customers increasingly buy online rather than visit Crossbow Ltd’s stores, Crossbow Ltd assessed its impairment position at 30 June 2019. The indicators suggested that an impairment loss was probable. Crossbow Ltd calculated a recoverable amount of its company of $1 420 000. Required Prepare the journal entry(ies) for any impairment loss occurring at 30 June 2019.