Crossbow Ltd is an entity that specialises in the manufacture of leather footwear for women. It has aggressively undertaken a strategy of buying out other companies that had competing products, These companies were liquidated and the assets and liabilities brought into Crossbow Ltd. At 30 June 2019, Crossbow Ltd reported the following assets its statement of financial position: Cash $ 21,000 Leather and other inventories products 180,000 Brand 'Crossbow Shoes' 160,000 Shoe factory at cost 821,000 Accumulated depreciation - factory (120,000) Machinery for manufacturing shoes 640,000 Accumulated depreciation - machinery (239,000) Goodwill on acquisition of competing companies 39,000 $1,502,000 Because of the competition from overseas as customers pursue a strategy of buying online rather than visit Crossbow Ltd's stores, Crossbow Ltd assessed its impairment position at 30 June 2019. The indicators suggested that an impairment loss was probable. Crossbow Ltd calculated a recoverable amount of its company of $1,420,000. Required Prepare the journal entry for any impairment loss occurring at 30 June 2019. (Round your final answers to the nearest whole number. Enter debit entries first, followed by credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account and explanation Debit Credit