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On June 31, 2019, Majestic Co acquired all of the common stock of Golden Comy, which became do Mnetic Cooler wingsten position at the time of the acquisition Golden Company Statement of Financial Position Ass Equity and Liabilities Plant assets (not) $1,250,000 Share capital ordinary $1045,000 aventory 370,000 Retained earnings Activate Windo 1.000.000 Receivables 750,000 Accounts payable 675.000 Cash 350.000 Total assets $2.720.000 Total equity and liabilities $2720.000 On June 11, 2019. Majestic Cooped all of the commode of Colombo Menu position at the time of the Golden Company Statement of al Position (Asorts and Labs Plants (not) $1,250,000 Share capital donary 51.045.000 Inventory 370.000 Reede 1,000,000 Receivables 750,000 Accounts payable 675 000 350.000 Totalsts $2.720.000 Totality and liabilities 52.720.000 An appraisal indicated that the value of the entry was 5375.000 and the frieval of the plant 1.450.000 The mount was paid cal to the previous owners of Golden Company equired: Activate Window a. Prsoare the entry for the purchase of Golden Company Assume that the carrying amount of Golden Company division's not assetsincluding goodwill is $2800.000. The recoverabunt of division set to be $ 3,200,000 Prepare the journal entry to record the impairmont loss (if any) on December 31, 2019