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On July 31: 2025. Whorse Comparypaid \$2.950,000 to ocquire all of the commonsteck of Conchita incerporated, which tecarme a divisien Wa reporting unitf of Widhorie. Conchita roported the folowing balance shect at the tite of ithe acquhition I wal deter wined at the dare of the purchase that the tair value of the identifable net assets of Conchita wab $2 b. 40000 Over the nxt 6 months of operations the nevily purchased dvibion expenenced operating losses. In additions it now appears that it will generate subgtantlal losses for the foreseeable future. At Decrmber 31. 2025, Cenchita reperti the following falance stweet infarmatien. Finally, it isdetermined that the fair value of the Conchita Divisioo is 51,850,000 Finally it is determined that the fair value of the Conchita Division is $1.850,000 (a) Compute the amount of goodwill recogrized ff arny on July 31.2025. (ff answer is zero, do not leave answer field blank, Enter 0 for the amount. The amount of goodwill eTextbook and Media List of Accounts Attempts: 0 of 5 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above