Violet Ltd has two cash-generating units, Division A and Division B. At 30 June 2020, the net assets of the two divisions were as follows:

Division A Division B

Cash 12,000 8,000

Inventory 30,000 40,000

Receivables 20,000 8,000

Plant 320,000 0

Accumulated depreciation (plant) (120,000) 0

Land 90,000 150,000 Buildings 110,000 140,000

Accumulated depreciation (buildings) (40,000) (60,000)

Furniture & fittings 0 30,000

Accumulated depreciation (furniture & fittings) 0 (10,000)

Total assets 422,000 306,000

Provisions 20,000 40,000

Borrowings 30,000 66,000

Total Liabilities 50,000 106,000

Net assets $372,000 $200,000

Additional information regarding the division's assets:

The receivables of both divisions were considered to be collectable

Division B's land had a fair value less costs to sell of $135 000 on 30 June 2020.

At 30 June 2020, Violet Ltd also had the following corporate assets, which the management decided to allocate equally to the two divisions:

Goodwill of $14 000

A head office building with a carrying amount of $160 000 (net of $50 000 accumulated depreciation).

Violet Ltd.'s management conducted impairment testing on the company's assets at 30 June 2020 and determined that Division A's value in use was $415 000 and Division B's value in use was $310 000.

Required: 1. Calculate the amount of the impairment loss, if any, for both divisions.

2. Show the allocation of any impairment loss to both divisions.

3. Prepare the journal entries required on 30 June 2020 to account for any impairment losses.