Exercise 11-32 Goodwill valuation and impairment: Chapters 10 and 11 [LO11-8] On May 28, 2021, Pesky Corporation acquired all of the outstanding common stock of Harman, Inc., for $420 million. The fair value of Harman's identifiable tangible and intangible assets totaled $512 million, and the fair value of liabilities assumed by Pesky was $150 million. Pesky performed a goodwill impairment test at the end of its fiscal year ended December 31, 2021. Management has provided the following information Fair value of Harman, Inc $400 mil1ion 370 million Book value of Harman's net assets (including goodwi1l) 410 million Required: 1. Determine the amount of goodwill that resulted from the Harman acquisition. 2. Determine the amount of goodwill imparment loss that Pesky should recognize at the end of 2021, if any 3. If an impairment loss is required, prepare the journal entry to record the loss