At the beginning of 2019, Metatec Inc. acquired Ellison Technology Corporation for $560 million. In addition to cash receivables, and Inventory, the following assets and their fair values were also acquired: Plant and equipment (depreciable assets) Patent Goodwill $ 146 million 36 million 120 million The plant and equipment are depreciated over a 10-year useful life on a straight line basis. There is no estimated residual value. The patent is estimated to have a 5-year useful life, no residual value, and is amortized using the straight-line method. At the end of 2021, a change in business climate indicated to management that the assets of Ellison might be impaired. The followin amounts have been determined: $ 76 million 56 million Plant and equipment: Undiscounted sum of future cash flows Fair value Patent : Undiscounted sum of future cash flows Fair value Goodwill Fair value of Ellison Technology Corporation Fair value of Ellison's net assets (excluding goodwill) took value of tllison's net assets (including goodwill) $ 20 million 13 million $406 million 350 million 430 million After first recording any Impalment losses on plant and equipment and the patent Book value of Ellison's not assets (including goodwill) 438 million After first recording any impairment losses on plant and equipment and the patent. Required: 1. Compute the book value of the plant and equipment and patent at the end of 2021 4. Determine the amount of any Impairment loss to be recorded, if any, for the three assets. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 4 Compute the book value of the plant and equipment and patent at the end of 2021. (Enter your answers in millions.) IS Plant and equipment Patent Book Value 117 million 22 million $ Band Required: 1. Compute the book value of the plant and equipment and patent at the end of 2021 4. Determine the amount of any impairment loss to be recorded. If any, for the three assets. 5:37 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required Determine the amount of any impairment loss to be recorded, if any, for the three assets. (Enter your answers in millions Negative amounts should be indicated by a minus sign.) Impairment Loss Plant and equipment million Patent million Goodwill million