On January 1, 20Y3, The Simmons Group, Inc, purchased the assets of NwS Insurance Co. for $40,610,000, a price reflecting an $6,091,500 goodwill premium. On December 31,20rg, The 5 mmons Group determined that the goodwilt from the NwS acquistion was impaired and had a value of only $1,827,450. a. Determine the book value of the goodwill on December 31, 20rs, prior to making the impairment odjustment. s b. Illustrate the effects on the accounts and financial statements of the December 31,209, adjustment for the goodwal impairment. For decreases in accounts or outflows of cash, enter your answers as negative numbers. If no account or activity is affected, select "No effect" from the dropdown and leave the corresponding number entry box blank