Aanda Plant $1.350.000 Laurand Lim Share capital ordinary 1 $1,150,000 L070,000 235,000 800,000 Retained eng Acts payable Total s Total equity and An appraisal indicated that the fair value of the inventory was $372,000 and the fair value of the plant assets was $1,550,000. The agreed purchase price was $3.000.000, and this amount was paid in cash to the previous owners of Brighton Company Required: a. Prepare the entry to recoed the purchase of Brighton Company. b Assume that the carrying amount of Brighton Company division's net assets, including goodwill is $2,550,000. The recoverable amount of the division is estimated to be S 3,000,000. Prepare the journal entry to record the impairment loss (If any) on December 31, 2020. For the toolbar, press ALT-F10 (PC) dr ALT-FN-F10 (Mack 10pt A LV I x 0 *** GO Y BIUS Paragraph V Arial High Compy the Aanda Plant $1.350.000 Laurand Lim Share capital ordinary 1 $1,150,000 L070,000 235,000 800,000 Retained eng Acts payable Total s Total equity and An appraisal indicated that the fair value of the inventory was $372,000 and the fair value of the plant assets was $1,550,000. The agreed purchase price was $3.000.000, and this amount was paid in cash to the previous owners of Brighton Company Required: a. Prepare the entry to recoed the purchase of Brighton Company. b Assume that the carrying amount of Brighton Company division's net assets, including goodwill is $2,550,000. The recoverable amount of the division is estimated to be S 3,000,000. Prepare the journal entry to record the impairment loss (If any) on December 31, 2020. For the toolbar, press ALT-F10 (PC) dr ALT-FN-F10 (Mack 10pt A LV I x 0 *** GO Y BIUS Paragraph V Arial High Compy the