PLEASE HELP.

Arcadia, Incorporated, acquired 100 percent of the voting shares of Bruno Company on January 1, 2023. In exchange, Arcadia paid $326,750 in cash and issued 100,000 shares of its own $1 par value common stock. On this date, Arcadia's stock had a fair value of $15 per share. The combination is a statutory merger with Bruno subsequently dissolved as a legal corporation. Bruno's assets and liabilities are assigned to a new reporting unit.

The following shows fair values for the Bruno reporting unit for January 1, 2023, along with respective carrying amounts on December 31, 2024.

Bruno Reporting Unit	Fair Values 1/1/23	Carrying Amounts 12/31/24
Cash	$ 99,500	$ 51,500
Receivables	196,000	246,500
Inventory	215,000	261,500
Patents	731,000	840,500
Royalty agreements	617,250	590,000
Equipment (net)	322,500	241,000
Goodwill	?	436,000
Accounts payable	(176,000)	(256,000)
Long-term liabilities	(614,500)	(518,000)

Note: Parentheses indicate a credit balance.

Required:

Prepare Arcadia's journal entry to record the assets acquired and the liabilities assumed in the Bruno merger on January 1, 2023.

On December 31, 2024, Arcadia opts to forgo any goodwill impairment qualitative assessment and estimates that the total fair value of the entire Bruno reporting unit is $1,735,000. What amount of goodwill impairment, if any, should Arcadia recognize on its 2024 income statement?