On May 31, 2021, Sunland Company paid $3,780,000 to acquire all of the common stock of Carla Vista Corporation, which became a division of Sunland. Carla Vista reported the following balance sheet at the time of the acquisition:

Current assets		$ 972,000		Current liabilities		$ 648,000
Noncurrent assets		2,916,000		Long-term liabilities		540,000
				Stockholder's equity		2,700,000
Total assets		$3,888,000		Total liabilities and stockholder's equity		$3,888,000

It was determined at the date of the purchase that the fair value of the identifiable net assets of Carla Vista was $3,348,000. At December 31, 2021, Carla Vista reports the following balance sheet information:

Current assets		$ 864,000
Noncurrent assets (including goodwill recognized in purchase)		2,592,000
Current liabilities		(756,000	)
Long-term liabilities		(540,000	)
Net assets		$2,160,000

It is determined that the fair value of the Carla Vista division is $2,376,000.

Part 1

Compute the amount of goodwill recognized, if any, on May 31, 2021.

Amount of goodwill

$

Part 2

Determine the impairment loss, if any, to be recorded on December 31, 2021.

Impairment loss

$

Part 3

Assume that the fair value of the Carla Vista division is $2,106,000 instead of $2,376,000. Prepare the journal entry to record the impairment loss, if any, on December 31, 2021. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit