Arcadia, Incorporated, acquired 100 percent of the voting shares of Bruno Company on January 1, 2023. In exchange, Arcadia paid $455,000 in cash and issued 100,000 shares of its own $1 par value common stock. On this date, Arcadia's stock had a fair value of $15 per share. The combination is a statutory merger with Bruno subsequently dissolved as a legal corporation. Brunos assets and liabilities are assigned to a new reporting unit.

The following shows fair values for the Bruno reporting unit for January 1, 2023, along with respective carrying amounts on December 31, 2024.

Bruno Reporting Unit	Fair Values 1/1/23	Carrying Amounts 12/31/24
Cash	$ 92,000	$ 49,000
Receivables	208,250	244,000
Inventory	234,000	259,000
Patents	753,500	864,000
Royalty agreements	597,250	576,000
Equipment (net)	397,500	297,000
Goodwill	?	410,000
Accounts payable	(97,500)	(187,000)
Long-term liabilities	(640,000)	(542,000)

Note: Parentheses indicate a credit balance.

Required:

Prepare Arcadia's journal entry to record the assets acquired and the liabilities assumed in the Bruno merger on January 1, 2023.

On December 31, 2024, Arcadia opts to forgo any goodwill impairment qualitative assessment and estimates that the total fair value of the entire Bruno reporting unit is $1,710,000. What amount of goodwill impairment, if any, should Arcadia recognize on its 2024 income statement?

Please answer all parts of the question