On May 31, 2015, Armstrong Company paid $3,500, 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: It was determined at the date of the purchase that the fair value of the identifiable net assets of Hall was $2,800, 000. At December 31, 2015, Hall reports the following balance sheet information: It is determined that the fair value of the Hall division is $2,200, 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 $200, 000 above the carrying value. Compute the amount of goodwill recognized, if any, on May 31, 2015. Determine the impairment loss, if any, to be recorded on December 31, 2015