On 1 July 2017 Shepparton Orchard acquired land at a cost of $3,000,000 ($3 million). Shepparton Orchard made the following land estimates from the financial years 2017 to 2021. Fair Value Fair value - cost Value in Use 30 June 2020 $3,200,000 $3,100,000 $3,500,000 30 June 2021 $3,040,000 $3,000,000 $3,060,000 The land was impacted by drought in 2020 and in 2021 bushfires. Required: Assuming that Shepparton Orchard tests for impairment under the Cost Model, what would the general journal entry to record the impairment of the land at 30 June 2020? Group of answer choicese Debit (DR): Impairment loss $200,000 and Credit (CR): Accumulated impairment loss $200,000 Debit (DR): Revaluation loss $500,000 and Credit (CR): Land $500,000 Debit (DR): Impairment loss $100,000 and Credit (CR): Accumulated impairment loss $100,000 Debit (DR): Revaluation loss $200,000 and Credit (CR): Land $200,000.- C No impairment. No journal required