On July 1, 2020, Riverbed Corporation purchased the net assets of Soorya Company by paying $439,000 cash and issuing a $48,000 note payable to Soorya Company. At July 1, 2020, the statement of financial position of Soorya Company was as follows: Accounts payable Soorya, capital Total $316,900 232,000 $548,900 Cash Accounts receivable Inventory Land Buildings (net) Equipment (net) Trademarks (net) Total $74,100 108,000 97,300 49,700 74.100 95.900 49,800 $548,900 The recorded amounts all approximate current values except for land (worth $60,100), inventory (worth $130,900), and trademarks (worthless). The receivables are shown net of an allowance for doubtful accounts of $13,000. The amounts for buildings, equipment, and trademarks are shown net of accumulated amortization of $20,000, $26,000, and $56,000, respectively. Prepare the July 1, 2020 entry for Riverbed Corporation to record the purchase. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date July 1, 2020 > Land Accounts Receivable Accumulated Impairment Losses - Trademark Accounts Payable Buildings Equipment Accumulated Impairment Losses - Copyrights Goodwill Accumulated Impairment Losses - Licences Cash Notes Receivable Allowance for Doubtful Accounts Notes Payable Gain Loss on Impairment Inventory No Entry Accumulated Impairment Losses - Goodwill Assume that Riverbed is a private entity and tested its goodwill for impairment on December 31, 2021. Management determined that the reporting unit's carrying amount (including goodwill) was $544,000 and that the reporting unit's fair value (including goodwill) was $453,000. Determine if there is any impairment and prepare any necessary entry on December 31, 2021. Riverbed applies ASPE. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Date Dec. 31, 2021