On May 31, 2018, Amstrong 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: 5 Current assets Noncurrents 00,000 2.700.000 Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity 5600,000 500.000 2.500.000 Total $3.000.000 53.600.000 It was determined at the date of the purchase that the fair value of the identifiable net assets of Hall was 53,100,000. At December 31, 2018, Hall reports the following balance sheet information: Current assets $ 800,000 Noncurrents (including goodwill recognized in purchase) 2.400,000 Current liabilities (700,000) Long-term liabilities (500.000) Net assets 52.000.000 It is determined that the fair value of the Hall division is $2,200,000. The recorded amount for Hall's net ses (excluding goodwill) is the same as fair vale, except for property, plant, and equipment, which has a fair value of $200,000 above the carrying Value Instructions (s) Compute the amount of goodwill recognised, if any, on May 31, 2018 (h) Determine the impairment loss, if any, to be recorded on December 31, 2018 (c) Assume that the fair value of the Hall division is $2,150,000 instead of $2,200,000. Prepare the journal entry to record the impairment loss, if any, on December 31, 2018