assume that fair value of the conchita division is $1,449,000 instead of $1,850,000. Determine the impairment loss, if any , to be recorded on December 31st. I need help wITH part C

Uul diswer 3 correct. Determine the impairment loss, if any, to be recorded on December 31, 2017. (Enter ng either a negative sign pre 9. -45 or parenthes The impairment loss o SHOW LIST OF ACCOUNTS ROW SOLUTIONSHOW ANSWER LINK TO TEXT LINK TO TEXT Assume that fair value of the Conchita Division is $1,449,000 instead of $1,050,000. Determine the impairment loss, if any, to be recorded on December 31, 2017 The impairment loss Problem 12-4 (Part Level Submission) On July 31, 2017, Blossom Company paid $2.950,000 to acquirent of the common stock of Conchita Incorporated, which became a division of Blossom Conchita reported the following balance sheet at the time of the acquisition Current assets Noncurrent sets Totalt $710.000 2.650,000 $3.360,000 Current Long-term liabilities Stockholders' equity Total abies and stockholders' in a n in It was determined the date of the purchase that the value of table net assets of Conchita was 2.655,000. Over the next months of operations, the newly purchased division experienced operating appears that it wil eerste s tantial losses for the forestiere. At December 31, 2017, Conchita reports the following balance sheet information $430,000 Noncurrents (including will received in purchase) 2.350.000 Currentes Long-term l es 500.000 s ing pool the same as far alt for property, pantando It is determined that the town of the Conchita Division is $1.650.000The recorded amount for conch $100.000 eve The Cav e Compute the amount of goodwill record, if any, only 31, 2017 The amount of goodwill