On May 31, 2015, walker Company (a US company) paid US$4,000,000 to acquire all of the common stock of Hayden Corporation (an Australian company), which now became a division of Walker. Hayden reported the following US$ balance sheet at the time of the acquisition: At December 31, 2015, Hayden reports the following US$ balance sheet information: During the annual impairment test conducted on December 31, 2015, it was determined that the fair value of the Hayden division as a whole would be equal to the present value (using a discount rate of 10%) of the following estimated future cash follows: Required: Compute the amount of good recognized, if any, on 5/31/15. Determine the goodwill impairment loss, if any, to be recorded on 12/31/15 On the assumption that the fair value of Hayden on December 31, 2015 was $1, 700,000 (instead of using present values), determine the goodwill impairment loss, if any, to be recorded