On July 31,2023 , Mile Company paid $4,100,000 to acquire all of the common stock of Run Corporation, which became a division of Mile. Run reported the following balance sheet at the time of the acquisition: It was determined at the date of the purchase that the fair value of the identifiable net assets of Run was $2,700,000. At December 31, 2023, Mile reports the following balance sheet information: It is determined that the fair value of the Run division is $1,900,000. Required 1. Compute the amount of goodwill recognized, if any, on July 31,2023. 2. Determine the impairment loss, if any, to be recorded on December 31, 2023. If an impairment loss is not to be recorded, explain why. 3. Assume that the fair value of the Run division is $1,730,000 instead of 1,900,000. Prepare the journal entry to record the impairment loss, if any, on December 31, 2023. If an impairment loss is not to be recorded, explain why