4. Sahir Brothers Ltd acquired Manahil Brothers Ltd on 1 July 2019 for cash of $7520000. At that date, Manahil Ltds net identifiable assets had a fair value of $5950000. The fair value of the net identifiable assets of Manahil Ltd are determined as follows: ($000) Customer list 50 Machinery 1 450 Buildings 1 500 Land 3 000 6 000 Less: Bank loan 50 Net assets 5 950 At the end of the reporting period of 30 June 2020, the management of Sahir Brother Ltd determines that the recoverable amount of the cash-generating unit, which is considered to be Manahil Brothers Ltd, totals $6050000. The carrying amount of the net identifiable assets of Manahil Brothers Ltd, which excludes goodwill, has not changed since acquisition and is $5950000. REQUIRED (a) Prepare the journal entry to account for any impairment of goodwill. (b) Assume instead that at the end of the reporting period the management of Sahir Brothers Ltd determines that the recoverable amount of the cash-generating unit, which is considered to be Sahir Brothers Ltd, totals $4950000. Prepare the journal entry to account for the impairment.