Grand Champlon Inc. purchased America's Sweethearts Corporation on January 1, 2019. At the time, Amorica's Sweethearts had the following assets and Mabilities (stated at fair value): Grand Champion paid $900,000 for America's Swoethearts. Assume that America's Sweethearts is a reporting unit of Grand Champion. At the end of 2020, Americn's Sweethearts has a tair value of $730,000 and a book value of $880,000, which includes any goodwill recorded. Of this tair value, $340,000 is attributable to identifable assets not of (or identifiable net assets) liabilities. Required: Calculate the impaiment loss of poodwil (f any) and record the aporopriate hournal entr: 1. Calculate the impairment loss of goodwill (if any). 2. Record the appropriate journal entry on December 31, 2020. General Journal Instructions How does srading work