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. (5 marks)