On June 32, 2019, Majestic Ca acand all of the cock of Celden Comp which of MC G position at the time of the acpisition Caldes Compay Statement of Financial Position Assets Equity and Labslaties Plant assets (not) Inventory $1,050,000 Shan capital onduary 375,000 Retained earnings $950,000 900.000 Receivables 630,000 Accinents payable 425.000 Cash 250.000 Total assets $2.325.000 Total equity and latilaties $2.325.000 An appraisal indicated that the fair value of the inventory was $355,000 and the fair value of the plant assets was $1.350.000. The aged pe price was 10,500 000, and the amount was paid in cash to the previous owners of Golden Company Required: a. Prepare the entry to record the purchase of Golden Company b. Assume that the carrying amount of Golden Company division's net assets, including goodwill is $2,700,000. The recoverable amount of the divion is etested to be $ 2,600,000. Prepare the journal entry to record the impairment loss (if any) on December 31, 2019 for the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)