Presented below is net asset information related to the Kingbird Division of Santana, Inc. Kingbird Division NetAssets As of December 31, 2025 [in millions] Cash $51 Accounts receivable 200 Property, plant, and equipment [net] 22,595 Goodwill 201 Less: Notes payable [2,590] Net assets $45? The purpose ofthe Kingbird Division is to develop a nuclear-powered aircraft. lfsuccessful. traveling delays associated with refueling could be substantially reduced. Many Other benets would also occur, To date, management has not had much success and is deciding whether a write-down at this time is appropriate. Management estimated its future net cash flows from the projeCt to be $405 million. Management has also received an offer to purchase the division for $330 million (deemed an appropriate fair value], All identiable assets' and liabilities' book and fair value amounts are the same, Prepare the journal entry to record the impairment at December 31, 2025. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry.) Account Titles and Explanation Debit Credit