YC has various cash generating units. One of which had the following carrying amount of assets at year-end: Cash Inventory Land 600,000 1,400,000 2,500,000 7,500,000 PPE Goodwill 1,000,000 The management determined the value in use of the CGU at P8,500,000. The fair value less cost of disposal for the inventory was greater than the carrying amount. The journal entry to recognize the impairment loss will include an entry of Select the correct response: Credit to Land 875,000 Credit to PPE 2,625,000 Debit to Goodwill 1,000,000 Debit to Impairment Loss 3,900,000