D) Assets Liabilities and Stockholders' Equity $ $ Save for Later Attempts: 0 of 2 used Submit Answer Assume, further, that the acquisition was consummated on October 1, 2024, as described above. However, by the end of 2025, Ayayai was concerned that the fair values of one or both of the acquired units had deteriorated. To test for impairment, Ayayai decided to measure goodwill impairment using the present value of future cash flows to estimate the fair value of Module One Problem Set estion 8 of 11 -15 Whispering Winds $6,487,000 $6,337,470 $6,347,470 Swifty $1,908,620 $1,209,430 $1,009,430 * Identifiable Net Assets do not include goodwill. Prepare the journal entry, if needed, to record goodwill impairment at December 31, 2025. Use FASB's simplified approach to test for goodwill impairment (assume that the qualitative test is satisfied or bypassed). (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Account Titles and Explanation Debit Credit