Please show all work

On December 31, 2015, SunBlush Technologies acquired all of the net identifiable assets of Softouch Co. for $360,000 in cash. The book values and fair values of assets and liabilities belonging to Softouch Co. were as follows: Softouch Co. Balance Sheet December 31, 2015 a) Calculate the amount paid for goodwill. Please make sure your final answer(s) are accurate to the nearest whole number. Goodwill = $ 1 Book Value Fair Value Assets Cash Accounts receivable, net Inventory Building, net Patents, net Total assets Liabilities and shareholders' equity Accounts payable Shareholders' equity Total liabilities and shareholders' equity, $26,000 48,000 140,000 131,000 21,000 $366,000 $26,000 49,000 80,000 126,000 15,000 b) Give the entry for SunBlush Technologies to record the purchase of Softouch Co. Enter an appropriate description, and enter the date in the format dd/mmm (i.e., 15/Jan). Please make sure your final answer(s) are accurate to 2 decimal places. Page 1 Account/Explanation General Journal $30,000 $26,000 336,000 not applicable $366,000 Date PR Debit Credit + c) The goodwill identified in part a) and b) above forms part of a reporting or cash- generating unit (CGU) as a whole. On December 31, 2016, this CGU had the following net assets at the carrying values listed below: Cash Accounts receivable, net Inventory Building, net Patents, net Goodwill Accounts payable Carrying Value $90,000 100,000 100,000 120,000 15,000 60,000 30,000 The account balances above have normal values. The fair value of the CGU on this date was $433,000. Management also determined that its value in use was $428,000 and the costs to sell the CGU, should management choose to do so would be $10,000. Please make sure your final answer(s) are accurate to 2 decimal places. i) Determine if the CGU is impaired and complete the journal entry, if required. Assume that the company follows ASPE. Page 61 General Journal Account/Explanation Date PR Debit Credit + - ii) Determine if the CGU is impaired and complete the journal entry, if required. Assume that the company follows IFRS. General Journal Account/Explanation Page 61 PR Debit Credit Date + -1 d) Assume the same carrying values as listed in part c) above but assume now that the fair value of the CGU on this date was $497,000. Management also determined that its value in use was $487,000 and costs to sell the CGU, should management choose to do so would be $10,000. Please make sure your final answer(s) are accurate to 2 decimal places. i) Determine if the CGU is impaired and complete the journal entry, if required. Assume that the company follows ASPE. General Journal Account/Explanation Page 61 PR Debit Date Credit + - ii) Determine if the CGU is impaired and complete the journal entry, if required. Assume that the company follows IFRS. General Journal Account/Explanation Page 61 PR Debit Credit Date