8. In 2014, Quasar Ltd. acquired all of the common stock of of Penlight's identifiable tangible and intangible assets totaled $202.60 million, and the fair value of liabilities assumed by Quasar was $93.40 million. Quasar performed a required goodwill impairment test at the end of its fiscal year ended December 31, 2016. Management has provided the following information: Laser for $12240 million. The fair value Fair value of Penlight Fair value of Penlight's net assets (excluding goodwil) 106.20 million Book value of Penlight's net assets (including goodwill) 124.20 million $112.60 million Required: 1. Determine the amount of goodwill that resulted from the Penlight acquisition. (Enter your answers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50)) million 2. Determine the amount of goodwill impairment loss that Quasar should recognize at the end of 2016, any. (Enter your answers in millions rounded entered as 5.50)-) to 2 decimal places (ia., 5,500,000 should be million 3. If an impairment loss is required, prepare the journal entry to reoord the loss. (Of no entry is required for a answers in millions rounded to 2 decimal places (i.e. 5,500,000 should be entered as s.50).) View transaction list Journal entry worksheet esc 0 F1 F2