Florida Mills determined that the Goodwill related to its Canned Vegetable division requires an adjustment for impairment in the amount of $132,000,000.

Assets	=	Liabilities	+	Stockholders Equity

Recording Economic Events - Please do indicate the Account, Amount and Direction (+ or -) These last four problems require no calculations. Record the economic event on the accounting equation by providing the account, amount and a + or - sign. A plus (+) sign indicates an increase. A minus (-) sign indicates a decrease. If the column is left blank, that indicates, no effect. Please look at these two examples for how to show your answer. Example 1: Mocha-Cola purchases sugar in the amount of $60,000. Record the purchase. + Stockholders' Equity Assets Inventory +60,000 Liabilities Accounts payable +60,000 Example 2: Wal-Get purchases $8,000 of beverages from Mocha-Cola. Mocha-Cola's inventoried costs for these beverages is $4,000. Record the sale by Mocha-Cola. Liabilities + Assets Accounts Receivable +8000 Inventory -4000 Stockholders' Equity Sales +8000 Cost of Goods Sold -4000 10) Florida Mills determined that the Goodwill related to its Canned Vegetable division requires an adjustment for impairment in the amount of $132,000,000. Assets Liabilities | + Stockholders' Equity