Ch 12: Homework PDR Question 12 of 25 0.33/1 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Novak Corporation purchased Windsor Company 3 years ago and at that time recorded goodwill of $380,000. The Windsor Division's net assets, including the goodwill, have a carrying amount of $760,000. The fair value of the division is estimated to be $910,000. Prepare Novaks" journal entry, if necessary, to record impairment of the goodwill. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit No entry needed (910,000) No entry needed