The following information is extracted from a cash generating unit of Sunland Ltd at 30 June 2020:

Carrying amount

Cash

$32,000

Accounts receivable

27,000

Inventory

20,000

Plant

110,000

Accumulated depreciation

30,000

Land

80,000

Goodwill

3,000

Accounts payable

10,000

The value in use and fair value less cost to sell of the cash generating unit are determined to be $220,000 and $225,000, respectively. The value in use of the land is $79,500.

Required

Prepare journal entries to account for the impairment loss of the cash generating unit as at 30 June 2020.