In 2014, Quasar Ltd. acquired all of the common stock of Penlight Laser for $125.00 million. The fair value of Penlights identifiable tangible and intangible assets totaled $206.50 million, and the fair value of liabilities assumed by Quasar was $96.00 million. Quasar performed a required goodwill impairment test at the end of its fiscal year ended December 31, 2016. Management has provided the following information:

Fair value of Penlight	$116.50	million
Fair value of Penlights net assets (excluding goodwill)	107.50	million
Book value of Penlights net assets (including goodwill)	125.50	million

Required:
1.	Determine the amount of goodwill that resulted from the Penlight acquisition. (Enter your answers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50).)

2.	Determine the amount of goodwill impairment loss that Quasar should recognize at the end of 2016, if any. (Enter your answers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50).)

3.	If an impairment loss is required, prepare the journal entry to record the loss. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50).)