In December 2015, Constellation Brands (STZ) acquired Ballast Point for $998.5 million, net of cash acquired. Its in 10-k for the fiscal year ended 4/25/2016, Constellation Brands reported "The transaction primarily included the acquisition of goodwill, trademarks and property, plant and equipment. This acquisition provides us with a high-growth premium platform that will enable us to compete in the fast-growing craft beer category, further strengthening our position in the high-end U.S. beer market."

The following table included in the 10k summarizes the preliminary allocation of the estimated fair value for the significant assets acquired (in millons):

Goodwill	$761.8
Trademarks	222.8
Other	15.4
Total Estimated Fair Value	1,000
Less - Cash acquired	(1.5)
Total Purchase Price	998.5

37. Similar craft brewery trademarks have sold for $136.0 Million. What should Constellation do now with respect to the Ballast Point trademarks?

Group of answer choices

Debit Impairement Loss for Ballast Point trademarks 86.8 Million

Credit Impairement Loss for Ballast Point trademarks 86.8 Million

Debit Impairement Loss for Ballast Point trademarks 136.0 Million

Credit Impairement Loss for Ballast Point trademarks 136.0 Million

38. In the beginning of Constellation's 2019 fiscal year, sales in their craft beer division spiked and there were indications that the Ballast Point trademark's fair value would recover. In its 10-Q for the first quarter of the 2019, what should Constellation do with respect to the Ballast Point trademarks?

Group of answer choices

Nothing

Reduce the impairment loss recorded agaisnt the trademarks in 2018

Remove the impairment loss recorded agaisnt the trademarks in 2018

Quantify a gain associated with the Ballast Point trademarks