On July 31, 2020 Purah Companya 2.700.000 to acquire of the common stock of Conchita incorporated, which became a division reporting to Pharoah Conchita reported the following balance sheet at the time of the action 5730.000 Currenties 550.000 2400 DOO Long-term liabilities $3130 000 Stockholders equity 7710.000 Tocilabilities and stockholders' equity 53.130,000 It was determined at the date of the purchase that the fair value of the den t s of Conchita was $235.000Over the next months of ope substations for the foreseeable future. At December 31, 2020, Conchita reports the following balance sheet information Current Noncurrent assets including goodwill recognized in purchase Currentes Long term e s $420,000 2,330,000 51.670,000 Finally, the determined that the fair value of the Conchawions $150 000 onwers do not w o rk for the amount Comote the amount of goodwill record it ww.only 31, 2020 The amount of Textbook and Media List of Accounts Determine the impairmention to be recorded on December 3120 de note d bank. Enter for the amount The impairmentos Textbook and Media List of Accounts Assume that value of the Conchita Division is $1.64000 $1.650.000 recorded on December 31, 2020. Eero The impairment les s Textbook and Media List of Accounts Prepare the entry to the If any, and indicate where the loss would be reported in the contement s made whai Darende en