help me solve part b

Score: 0.29 of 1 pt 2 of 2 (1 complete HW Score: 14.58%, 0.29 of 2 pts E12-5 (similar to) Question Help Niler Company pays $1,590 000 to acquire 100% of the common stock of Schuch incorporated. It assumes that The following information is available 1 year after the acquisition of the subsidiary company fie, the reporting unity Schuch's plant assets (such as the factory bulding and land) are undervalued by S43,000. The historical cost of the net ick the icon to view the balance sheet.) assets acquired, excluding goodwill, is equal to $1,504,500. Schuch will be held as a division of Niler Niler estimated the fair (appraisal) value of the division's net assets (excluding goodwill) 1 year after the date of acquisition at $1,606,500 Read the requirements Account Acquisition cost Book value of net assets acquired Excess cost over book value Amount $ 1,590,000 (1.504,500) $ Revaluation of plant assets 85,500 (43,000) 42,500 Goodwin Requirement b. Determine whether goodwillis impaired assuming that the fair value of the Schuch Division with goodwil 1 year after acquisition is equal to $2,008,000. Provide the impairment journal entry. If needed One Step Impairment Test 2,000,000 Book value of the reporting und 11,605,500) limpairment indicated Yes Choose from a list or enter any number in the input fields and then click Check Answer ck of Schuch Incorporated. It assumes that dervalued by $43,000. The historical cost of the net will be he The following information is available 1 year after the acquisition !! (Cick the icon to view the balance sheet.) the division's net ass Data Table Description Debit Credit Cash $ 208,000 Inventory 308,000 1,469,100 Property, plant, and equipment, net Goodwill 42,500 Current liabilities $ 400,600 at the fa Common stock - no par Oo. Provide the impa 341,000 1,286,000 Retained earnings $ 2,027,600 Totals 2,027,600 $ Print Done then click Check Answer. Clear All