The Collin Corporation has a year end of December 31, 2020. Due to a hit to the economy during a global pandemic it has been determined that an impairment test needed to be performed. The relevant data on the CGU for Collin Corp is as follows: Carrying values: Land Building Equipment Goodwill $380,000 1,100,000 620,000 370,000 2,470,000 The fair values for the building, equipment and goodwill cannot be estimated. The fair value of the land is $500,000. Fair value of the CGU as a whole is $2,000,000. Cash flows generated by the CGU for the next 9 years is $265,000 per year. Costs to sell would amount to 7% of the fair values of the assets. The appropriate discount rate is 8%. Required: i. Calculate the impairment loss (if any) for the CGU. If there is an impairment loss for the CGU, allocate the loss to the assets of the CGU. No journal entries required just perform the calculations/allocations (6 marks). ii. If the Collin Corporation is a private entity subject to ASPE, calculate the impairment loss if any on the CGU (2 marks)