Cost Carrying amount Expected future net cash flows Fair Value $1,140,000 920,000 860,000 800,000 Bassett Company would record a loss on impairment of Select one: a. $340,000 b. $220,000 O c. so O d. $60,000 e. $120,000 Blue Sky Company's 12/31/08 balance sheet reports assets of $5,000,000 and liabilities of $2,000,000. All of Blue Sky's assets book values approximate their fair value, except for land, which has a fair value that is $200,000 greater than its book value. On 12/31/08, Aaron Corporation paid 55,300,000 to acquire Blue Sky. What amount of goodwill should Aaron record as a result of this purchase? Select one: a. $2,700000 b. $300,000 c. $2,300,000 O d. $2,000,000 e. $2,100,000