On May 28, 2018, Pesky Corporation acquired all of the outstanding common stock of Harman, Inc., for $470 million. The fair value of Harman's identifiable tangible and intangible assets totaled $547 million, and the fair value of liabilities assumed by Pesky was $190 million. Pesky performed a goodwill impairment test at the end of its fiscal year ended December 31, 2018. Management has provided the following information:

Fair value of Harman, Inc.	$	450	million
Fair value of Harman's net assets (excluding goodwill)		360	million
Book value of Harman's net assets (including goodwill)		470	million

Required: 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 2018, if any. 3. If an impairment loss is required, prepare the journal entry to record the loss.

On May 28, 2018, Pesky Corporation acquired all of the outstanding common stock of Harman, Inc., for $470 million. The falr value of Harman's Identifiable tanglble and Intangible assets totaled $547 millon, and the fair value of liabillties assumed by Pesky was $190 million. Pesky performed a goodwill Impalrment test at the end of its fiscal year ended December 31, 2018. Management has provided the following Information: Fair value of Harman, Inc. Fair value of Harman's net assets (excluding goodwill) Book value of Harman's net assets (including goodwill) $450 million 360 million 470 million Required: 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 2018, If any. 3. If an Impairment loss is required, prepare the journal entry to record the loss. Complete this question by entering your answers in the tabs below Req 1 and 2 Req 3 Determine the amount of goodwill that resulted from the Harman acquisition and the amount of goodwill impairment loss that Pesky should recognize at the end of 2018, if any. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10)) Goodwill million Goodwill impairment loss million