a12 fast please

Question 12 45 points Cate Os August 31, 2020, Seethampton Co. acquired all of the common stock of Brighton Company, which beca division of Southampton Co Brigh Company reported the following of position at the time of the acquisition Brighton Company State of Financial Plotion Les and Liabiliti $1.350.000 Assets Plantas (ne 1) lovestory Receivables Share capital pelisary $1,150,000 235,000 Read p 1,870,000 100.000 Accompayabl 282.000 Cash 122.000 Total 52-307080 Tool egy d Jabse 12.002.000 plant en was $1,350,000 The agreed purchase price was 53,600,000, and this tot was paid in cal to the An appraisal indicated that the fair value of the inventory was $372,000 and the fair var of t previous owners of Brighton Company Required: Prepare the entry to record the purchase of Brighton Company b. Assume that the carrying amount of Brighton Company division's not asets, achating goodwill a $2.550.000 The recoverable amount of the divisies is tied to be 53.000.000 Prepare the jal eutry to receed the impaiment loss (If any) on December 31, 2020