On April 2019, Golden Co. paid 56,500,000 to purchase Majestic Co, which became a division of Golden Majestic Co. reported the following statement of financial position at the time of the acquisitio Non-current assets Current assets Total assets $2.700.000 900000 $3.000.000 Equity Non-current abilities Cument labies Total equity and liabetes $2,500,000 500.000 $500.000 $3.900.000 it was determined at the date of the purchase that the fair value of the identhable net assets of Majestic Co. was $5,700,000 Requirements (x) Compute the amount of goodwill recognized DI Assume that on December 2019, the carrying amount of Majestic division's net assets, including goodwill is $6,700,000 and the recoverable amount of the Majestic divion a 56,400,000 instead of $3,100.000 Determine the impairment loss (if any). i) Based on requirement (b), prepare the journal entry to record the impairment less (if any) on December 11, 2015.