22 Not yet answered Points out of 400 Flag question On May 31 of the current year, Yichen Company paid cash $4,000,000 to acquire Hall Business Services, which became a division of Yichen. Below are balance sheet and fair value information of Hall at the time of the acquisition: Asset Liability Equity Balance Sheet $ 3,100,000 Fair Value $4,200,000 600,000 2,500,000 600,000 N/A On December 31 of the same year, it is determined that the fair value of the Hall division is $3,850,000. On the same day, carrying value of net assets (including goodwill) is $4,100,000. Answer the following questions. How much is the loss on impairment for Goodwill at year-end? How much is the Goodwill recorded on May 31? Choose... Choose