Alfonso Inc. acquired 100 percent of the voting shares of BelAire Company on January 1, 2020. In exchange, Alfonso paid $198,000 in cash and issued 100,000 shares of its own $1 par value common stock. On this date, Alfonsos stock had a fair value of $15 per share. The combination is a statutory merger with BelAire subsequently dissolved as a legal corporation. BelAires assets and liabilities are assigned to a new reporting unit.

The following shows fair values for the BelAire reporting unit for January 1, 2020 along with respective carrying amounts on December 31, 2021.

BelAire Reporting Unit	Fair Values 1/1/20			Carrying Amounts 12/31/21
Cash	$	65,000		$	40,000
Receivables		203,000			235,000
Inventory		275,000			250,000
Patents		531,000			550,000
Customer relationships		580,000			450,000
Equipment (net)		215,000			335,000
Goodwill		?			400,000
Accounts payable		(111,000	)		(275,000	)
Long-term liabilities		(460,000	)		(425,000	)

Note: Parentheses indicate a credit balance.

Prepare Alfonsos journal entry to record the assets acquired and the liabilities assumed in the BelAire merger on January 1, 2020. Note: Enter cash paid and cash received as two separate amounts.

On December 31, 2021, Alfonso opts to forgo any goodwill impairment qualitative assessment and estimates that the total fair value of the entire BelAire reporting unit is $1,325,000. What amount of goodwill impairment, if any, should Alfonso recognize on its 2021 income statement?