Larkspurs Construction & Paving expanded its business by purchasing Alcott Maintenance, a division that provides road maintenance services. The division was purchased three years ago for $3,012,000 and has been identified as a reporting unit. The net assets for the division including goodwill are as follows Cash Accounts Receivables Inventory Property. Plant & Equipment Goodwill Accounts Payable Unearned Revenue Net assets, at carrying amounts $247,000 322.000 796,000 888,000 1.149,000 (120,000) (77.000) $3.205.000 The fair value of the Alcott Maintenance Division reporting unit as a whole is estimated to be $3.426,000. Management determines that the unit's value in use is $3,519,000. III that the unit's value in use is $3,519,000 Prepare any appropriate journal entries for goodwill impairment assuming that Larkspur Construction & Paving is reporting under ASPE. (If no entry is required, select "No Entry for the account titles and enter for the amounts Credit account titles are automatically Indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Prepare any appropriate journal entries for goodwill impairment assuming that Larkspur Construction & Paving is reporting under IFRS. (If no entry is required, select "No Entry for the account cities and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts