On May 31. 2015 Armstrong Company paid $3,300,000 to acquire all of the common stock of Hall Corporation, which became a division of Armstrong. Hall reported the following balance sheet at the time of the acquisition: On the date of purchase the fair value of the identifiable net assets of Hall was $2,800,000. We are now at December 31,2015. Hall Division reports the following balance sheet information: At December 31, 2015, the fair value of Hall Division is $2,100.000. The recorded amount for Hall's net assets (excluding goodwill) is the same as fair value except for property, plant, and equipment, which has a fair value of $220,000 above the carrying value. (a) Compute the amount of goodwill recognized, if any, on May 31,2015. (b) Determine the impairment loss, if any, to be recorded on December 31, 2015. (c) Assume that the fair value of the Hall Division is $1,950,000 instead of $2,100,000. Prepare the journal entry to record the impairment loss, if any, on December 31, 2015