On May 28, 2016, Pesky Corporation acquired all of the outstanding common stock of Harman, Inc., for $500 million. The fair value of Harman's identifiable tangible and intangible assets totaled $568 million, and the fair value of liabilities assumed by Pesky was $142 million. Pesky performed a goodwill impairment test at the end of its fiscal year ended December 31, 2016. Management has provided the following information: points $480 million 420 million 506 milliorn Fair value of Harman, Inc. Fair value of Harman's net assets (excluding goodwill) Print Book value of Harman's net assets (including goodwill) Saved Required: 1. Determine the amount of goodwill that resulted from the Harman acquisition. (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).) odwill million 2. Determine the amount of goodwill impairment loss that Pesky should recognize at the end of 2016, if any. (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).) Goodwill impairment loss million 3. If an impairment loss is required, prepare the journal entry to record the loss. (f no entry is required for an event, select "No Journal entry required" in the first account fleld. Enter your answers in millions (i.e. 10,000,000 should be entered as 10)) View transaction list ts Journal entry worksheet Print Record the impairment loss. Note: Enter debits before credits. General Journal Event Debit Credit 4" Record entry Clear entry View general journal K Prev 16 of 19 Next >