Exercise 12-14 Presented below is net asset information related to the Carlos Division of Santana, Inc CARLOS DIVISION NET ASSETS AS OF DECEMBER 31, 2017 IN MILLTONS) Accounts receivable Property, plant, and equipment (net) Goodwill Less: Notes payable Net assets $50 200 2,600 200 (2.700) $350 The purpose of the Carlos Division is to develop a nuclear-powered aircraft. If successful, traveling delays associated with refueling could be substantially reduced estimated its future net cash fows from the project to be $400 million. Management has also received an offer to purchase the division for $335 milion assets' and liabilities' book and fair value amounts are the same. . All identinable a Prepare the journal entry to record the impairment at December 31, 2017. ( no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and tuplanationDebit et At December 31, 2018, it is estimated that the division's fair value increased to $345 million. Prepare the journal entry to record this increase in fair value. (If n entry is required, select "No Entry" for the account tittes and enter O for the amounts. Credit account titles are automatically indented when a entered. Do not indent manually.) Account Titles and Explanation Debit Credit