Brand - 'Darmin $200,000 800,000 200,000 Factory Machinery Building Inventories 800,000 200,000 Cash at bank 100,000 In response to competition from the smart phone manufacturers, as more customers use smart phones than stand- alone GPS devices, Darmin Ltd assessed its impairment position at 30 June 2020. The indicators suggested that an impairment loss was probable. Darmin Ltd calculated the recoverable amount of the division to be $1,900,000 at 30 June 2020. (4 marks) Required: 1. Calculate the impairment loss. (0.5 mark) 2. Prepare the journal entries to account for the impairment loss at 30 June 2020. (2 marks) 3. Prepare a balance sheet extract for Darmin Ltd at 1 July 2020. (1.5 marks)