check to see if what i have is correct or not and solve for last part

27. Goodwill from business combination and intangible assets (a) On January 1, 2020, CP Logistics Company paid \$3,200,000 to acquire all of the common stock of James Corporation, which became a division of CP Logistics. James reported the following fair values of identifiable net assets at the time of the acquisition: Compute the amount of goodwill recognized, if any, on January 1, 2020 . 3,200,0002,810,000=390,000 Prepare the journal entry to record the acquisition of James Company on January 1, 2020 by CP Logistics: (b) For the year ended December 31,2020 , prepare the journal entry needed, if any, to recognize goodwill acquired in the previous year for the James Division. The following additional information is availa related to the division's intangible assets and goodwill: It is also determined that the fair value of the James division is $3,700,000 and the carrying value for Jame net assets (including goodwill) is $3,800,000 at December 31,2019 . Determine the impairment loss, if any, to be recorded on December 31,2020 . You must document all steps impairment testing to receive credit. Impairment Testing Patent: CV36,000>35,000=impriment96,00021,000=10000 Impairment Testing Trade Name: Jdefincto Lfe=fV fest only 115,000=100,000=15,000 Impairment Testing Goodwill: CVFV3800,000=3,700,000=100,000 Prepare the journal entry to record the impairment loss, if any, for the above intangible assets and goodwill as of December 31,2020 . (c) On January 1, 2021, CP Logistics incurred legal fees of $15,000 successfully defending its previously acquired patent and $5,000 successfully defending its previously acquired trade name. Prepare the journal entry related to the incurred legal fees (assume paid in cash)