Exercise 11-32 (Updated for ASU 2017-04) Goodwill valuation and Impairment es varu On May 28, 2021. Pesky Corporation acquired all of the outstanding common stock of Harman, Inc., for 550 million. The fair value of Harman's identifiable tangible and intangible assets totaled $631 million and the fair value of liabilities assumed by Pesky was $169 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. Fair value of Harman's net assets (excluding goodwill) Book value of Harman's net assets (including goodwill) $570 Billion 510 million 594 million Required: 1. Determine the amount of goodwill that resulted from the Harman acquisition 2. Determine the amount of goodwill impairment 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. Complete this question by entering your answers in the tabs below. Reg 1 and 2 Req3 Determine the amount of goodwill that resulted from the Harman acquintion and the amount of goodwill impairment loss that Pesky should recognize at the end of 2021, rany. (Enter your answers to millions (l., 10,000,000 should be entered as 10)) million Goodwill Goodwill impairment loss million Roq 1 and 2 Reg 3 >