Hello,I need some help with the problem: At the beginning of 2011, Metatech Inc. acquired Allison Technology Corporation for $600 million. The followings are the fair value and book value of assets acquired and liabilities assumed: Fair value of assets and liabilities assumed: Cash and receivables $410 million Plant and equipment (depreciable assets) 150 million Patent 40 million Liabilities 100 million Book value of assets and liabilities assumed: Cash and receivables $450 million Plant and equipment (depreciable assets) 130 million Patent 30 million Liabilities 150 million The plant and equipment are depreciated over a 10-year useful life on a straight-line basis. There is no estimated residual value. The patent is estimated to have a 5-year useful life, no residual value, and is amortized using the straight-line method. At the end of 2013, a change in business climate indicated to management that the assets of Allison might be impaired. The following amounts have been determined: Plant and equipment: Undiscounted sum of future cash flows $80 million Fair value 60 million Patent: Undiscounted sum of future cash flows $20 million Fair value 13 million Goodwill: Fair value of Ellison Technology $450 million Fair value of Ellisons net assets (excluding goodwill) 390 million Book value of Ellisons net assets (including goodwill) 470 million Required: A). Determine the amount of goodwill that resulted from the Ellison Technology Corporation acquisition at the beginning of 2011. B). Calculate the book value of the plant and equipment and patent at the end of 2013. Plant and equipment: Patent: C)Determine the amount of any impairment loss to be recorded, if any, for the three assets and prepare the journal entry to record the loss. Plant and equipment: Patent: Goodwill