4: IMPAIRMENT OF THE ASSETS (10 MARKS) XYZ Ltd is an entity that specialises in the manufacture of leather footwear for women. The company reported the following assets in its statement of financial position at 30 June 2021. the entire company would be considered as a single cash generating unit: Cash Inventory Factory Building Accumulated depreciation factory Machinery Accumulated depreciation - machinery $300 000 300 000 800 000 (200 000) 600 000 (200 000) $1 600 000 Because of the competition from overseas as customers pursue a strategy of buying online rather than visit XYZ Ltd's stores, XYZ Ltd assessed its impairment position at 30 June 2021. The indicators suggested that an impairment loss was probable. XYZ Ltd calculated a recoverable amount of its company of $1 500 000. Q4 Required Prepare the journal entry(ies) for any impairment loss occurring at 30 June 2021 (Show all your workings including the application of pro-rata method). Please provide your journal entries in the following table: DATE; ACCOUNT NAME; DR ($); CR ($)