On July 1, 2020, Blossom Corporation acquired Crane Company for $810,000 cash. At the time of purchase, Crane's balance sheet showed assets of $697,500 and abilities of $225,000. The fair value of Crane's assets is estimated to be $855,000 Compute the amount of goodwill acquired by Blossom. Amount of goodwill SHOW LIST OF ACCOUNTS On December 31, the fair value of Crane is estimated to be $648,000. The carrying value of Crane's net identifiable assets, including the goodwill, at year and is 5675,000 Prepare Blossom's journal entry, if necessary, to record impairment of goodwill. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually.) Account Titles and Explanation Debit Credit