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Stockholders of Pina Colada Company, Novak Company, and Monty Company are considering alternative arrangements for a business combination. Balance sheets and the fair values of each company's assets on October 1, 2024, were as follows: Pina Colada Company shares have a fair value of $51. A fair (market) price is not available for shares of the other companies because they are closely held. Fair values of liabilities equal book values. Prepare a balance sheet for the business combination. Assume the following: Pina Colada Company acquires all the assets and assumes all the liabilities of Novak and Monty Companies by issuing in exchange 139,830 shares of its common stock to Novak Company and 39,740 shares of its common stock to Monty Company. (List assets in order of liquidity. Enter negative account balance with negative sign preceding the number e.g. 5,125 or parentheses e.g. (5,125).) Assume, further, that the acquisition was consummated on October 1, 2024, as described above. However, by the end of 2025 , Pina Colada was concerned that the fair values of one or both of the acquired units had deteriorated. To test for impairment, Pina Colada decided to measure goodwill impairment using the present value of future cash flows to estimate the fair value of the reporting units (Novak and Monty). Pina Colada accumulated the following data: *Identifiable Net Assets do not include goodwill. Prepare the journal entry, if needed, to record goodwill impairment at December 31, 2025. Use FASB's simplified approach to test for goodwill impairment (assume that the qualitative test is satisfied or bypassed). (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.)