production of liquor. One of the cash generating units of Severe Company is the generating unit are impaired based on an analysis of At year-end, the entity believed that the assets of the cash economic indicators. The assets and liabilities of the cash generating unit at carrying amount at year-end are: Cash Accounts receivable Allowance for doubtful accounts Inventory Property, plant and equipment Accumulated depreciation Goodwill Accounts payable Loans payable 4,000,000 6,000,000 1,000,000 7,000,000 22,000,000 4,000,000 3,000,000 2,000,00 1,000,00 The entity determined that the value in use of the ca generating unit is P30,000,000. The accounts receivable are considered collectible, except th considered doubtful. Required: 1. Determine the carrying amount of the cash generating 2. Determine the impairment loss, if any, of the cash gene unit. 3. Prepare journal entry to record the impairment los