10 Mars Cound all of the man ockor Gel Company, while (hot) Golden Cam SoFinal Position Batalan) 51,050,000 capital day 1050 000 375,000 Renderings 900.000 650.000 Accounts payable 175.000 250.000 32325.000 Total equity and liabilities $2.325.000 Rahle Total An appraisal indicated that the fair value of the inventory was $355.000 and the fair value of the plant annet was $1.350.000. The word purch 17,500 amount was paid in cash to the previous owners of Golden Company Required: 4. Prepare the entry to record the purchase of Golden Company b. Assume that the carrying amount of Golden Company division's net assets, including goodwill is $2,700,000. The recoverable amount of the divisions to be $2,600,000. Prepare the journal entry to record the impairment loss (if any) on December 31, 2019 10 Mars Cound all of the man ockor Gel Company, while (hot) Golden Cam SoFinal Position Batalan) 51,050,000 capital day 1050 000 375,000 Renderings 900.000 650.000 Accounts payable 175.000 250.000 32325.000 Total equity and liabilities $2.325.000 Rahle Total An appraisal indicated that the fair value of the inventory was $355.000 and the fair value of the plant annet was $1.350.000. The word purch 17,500 amount was paid in cash to the previous owners of Golden Company Required: 4. Prepare the entry to record the purchase of Golden Company b. Assume that the carrying amount of Golden Company division's net assets, including goodwill is $2,700,000. The recoverable amount of the divisions to be $2,600,000. Prepare the journal entry to record the impairment loss (if any) on December 31, 2019