On May 28, 2013, Pesky Corporation acquired all of the outstanding common stock of Harman, Inc., for $420 million. The fair value of Harman's identifiable tangible and intangible assets totaled $512 million, and the fair value of liabilities assumed by Pesky was $150 million. Pesky performed a goodwill impairment test at the end of its fiscal year ended December 31, 2013. Management has provided the following information: 1. Determine the amount of goodwill that resulted from the Harman acquisition. 2. Determine the amount of goodwill impairment loss that Pesky should recognize at the end of 2013, if any. ( 3. If an impairment loss is required, prepare the journal entry to record the loss. Fair value of Harman, Inc. $ 400 million Fair value of Harman's net assets (excluding goodwill) 370 million Book value of Harman's net assets (including goodwill) 410 million