Determine the impairment loss, if any, to be recorded on December 31, 2026. Impairment loss $ Assume that the fair value of the Sunland division is $1,872,000 instead of $2,112,000. Prepare the journal entry to record the impairment loss, if any, on December 31, 2026. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry.) On May 31, 2026, Sheridan Company paid $3,360,000 to acquire all of the common stock of Sunland Corporation, which became a division of Sheridan. Sunland reported the following balance sheet at the time of the acquisition: It was determined at the date of the purchase that the fair value of the identifiable net assets of Sunland was $2,976,000. At December 31, 2026, Sunland reports the following balance sheet information: It is determined that the fair value of the Sunland division is $2,112,000. (a) Compute the amount of goodwill recognized, if any, on May 31, 2026. Amount of goodwill \$