MOJH provided the following information: E (Click the icon to view the information.) Is there a goodwill impairment loss under IFRS? Prepare any required journal entries. Assume there are no disposal costs associated with the sale of the cash-generating unit. Conduct the impairment test for goodwill under IFRS. (Abbreviations Used: CGU = Cash-generating unit.) Start with Part 1 Part 1: Goodwill Recoverable amount Now complete Part 2 of the impairment test for goodwill and identify any impairment loss. (If you selected "No" that an inpairment loss is not indicated, then leave the impairment loss input cell blank. Abbreviations used: CGU = cash-generating unit.) Part 2: Goodwill Impairment loss indicated Impairment loss, if any Now prepare the journal entry to record the impairment loss, if necessary. (Record debits first, then credits. Exclude explanations from any journal entries. If no entry is required select "No Entry Required" on the first line of the journal entry table and leave all remaining cells in the table blank.) X Account Date of Adjustment Data Table $ 710 Fair value of the CGU $ Value in use of CGU 620 $ 810 Book value of the CGU, including $260 goodwill