On July 1, 2017, Zhuang Corporation purchased the net assets of Shina Company by paying $415,000 cash and issuing a $50,000 note payable to Shina Company. At July 1, 2017, the statement of financial position of Shina Company was as follows: The recorded amounts all approximate current values except for land (worth $60,000 ), inventory (worth $125,000 ), and trademarks (worthless). The receivables are shown net of an allowance for doubtful accounts of $12,000. The amounts for buildings, equipment, and trademarks are shown net of accumulated amortization of $14,000,$23,000, and $47,000, respectively. (d) (4 marks) Based on part (a), assume now that Zhuang is a public entity and tested its goodwill for impairment on December 31,2018 . The cash-generating unit's values (including goodwill) are as follows: Determine if there is any impairment and prepare any necessary entry on December 31 , 2018. (e) (2 marks) Based on part (a), discuss factors that Zhuang may have considered in deciding to pay total consideration of $465,000 for Shina