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Maggie's Fashions acquisition of competing retail fashion store Gracie's, Inc. resulted in goodwill of 15,650. At the end of 2020, Maggie is trying to determine

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Maggie's Fashions acquisition of competing retail fashion store Gracie's, Inc. resulted in goodwill of 15,650. At the end of 2020, Maggie is trying to determine if she needs to record an impairment loss based on the following: Net book value (Carrying value): $15,650 Fair Value: $14,950 Estimated future cash flows: $14,150 If the goodwill is impaired, what is the amount of impairment loss will Maggie's record in the journal entry? Round to the nearest whole number. If the goodwill is not impaired, write "0". Impairment Loss: What is the value of the goodwill on Maggie's books following any necessary adjustments? Round to the nearest whole number. Value of Goodwill

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