Blue Sky Company's 12/31/14 balance sheet reports assets of $8,000,000 and liabilities of $3,600,000. All of Blue Sky's assets' book values approximate their fair value, except for land, which has a fair value that is $600,000 greater than its book value. On 12/31/14, BTO Corporation paid $6,000,000 to acquire Blue Sky. What amount of goodwill should BTO record as a result of this purchase? Show your computations and circle your answer. Solomon Corporation acquired Linebright Products on January 1, 2011. At December 31, 2014, net assets of the Linebright Division had a carrying value of $5,000,000, which includes recorded goodwill of $800,000. At December 31, 2014, Linebright had a fair value of $3,400,000. The net identifiable assets of Linebright (excluding goodwill) had a fair value of $3,300,000 at that time. What amount of loss on impairment on goodwill, if any, should Solomon record in 2014? Show your computations and circle your