Question 1 On April, 2019, Golden Ca paid $4,500,000 to purchase Majestic Co, which became a dvtion of Golden Majesc Co reported the flow meth Non-current assets Current asses $2.700.000 120.000 12.000.000 Equity 2500,000 500.000 It was determined at the date of the purchase that the fair value of the idimhable net assets of Majestic Cowan 5,700,000 Requirements (a) Commune the amount of goodwill recognized (b) Assume that on December 2019, the carrying amount of Majestic division's net assets, including Determine the impalement loss (if any) (Based on requirement (), prepans the Journal entry to recond the impairment less (if any) For the toolbar, press ALT-10 C) or ALT-FN-E10 (M wil is 38,700,000 and the recoverable amount of the Men 400.000 of 1,100,00 December 11, 2019