On 1 July 2007, the company JOVEN Ltd acquired all the assets and liabilities of Smote Ltd's potato chip division. JOVEN Ltd calculated that it had acquired goodwill. At 30 June 2008, the carrying amounts (CA) of the assets of the potato chip division were: $ Factory 150 000 Accumulated depreciation - factory (25 000) 125,000 Inventory 75 000 Brand - Smote 25 000 Goodwill 25 000 250 000 During the year there was a major advertising campaign encouraging parents and children to avoid eating potato chips. As a result, JOVEN Ltd measured the value in use of the potato chip division at 30 June 2008, determining it to be $200 000 (RA). JOVEN Ltd also determined that the Brand had a fair value less costs to sell of $23 000. The company allocates the impairment loss in accordance with AASB 136 Impairment. Required: Prepare the journal entries to account for the impairment loss at 30 June 2008