Apple Ltd reported the following assets in its statement of financial position at 30 June 2021: Land 50,000 Patent 200,000 Plant 500,000 Accumulated Depreciation (150,000) Goodwill 50,000 Inventory 100,000 Accounts receivables 30,000 Cash 5,000 785,000 The recoverable amount of the entity was calculated to be $714,000. All assets are measured using the cost method. Inventory is measured at the lower of cost and net realisable value in accordance with AASB102 Inventories. The receivables were all considered to be collectable. Required: 1. Allocate the impairment loss to assets in the CGU as per AASB136 (Please round off to the nearest dollar). (5 Marks) 2. Prepare journal entries to record the allocation of the impairment loss at 30 June 2021. Descriptions/Narrations are NOT required