Part B: (6 pts) Over the next 6 months of operations, the newly purchased division experienced operating losses. In addition, it now appears that it will generate substantial iloss for the foreseeable future. At December 31, 2017, Conchita reports $1,690,000 as book value of net assets including the goodwill reported in Part A. It is determined that the fair value of the Conchita Division is $1,850,000. The recorded amount for Conchita's net assets (excluding goodwill) is the same as fair value. b. Determine the impairment loss, if any, to be recorded on December 31, 2017 c. Assume that fair value of the Conchita Division is $1,633,000 instead of $1,850,000. Determine the impairment loss, if any, to be recorded on December 31, 2017