Several years ago, Blaha Company purchased Husker Company as a subsidiary. At that me, Blata recorded goodwill of $105,000 related to the purchase. Since that time, the company has not considered the goodwill to bo impaired. However, at the end of 2019. Baha decides to evaluate the goodwill for impairment because of technological changes in the industry. Huskee (which is considered a reporting unit of Blaha) has a book valus (including the goodwill) of 5767.500, Binha estimates that the fair value of Husker a $710,000, of which allocation S003,000 to Huskor's Identifiable amets and liabilities Required: 1. Prepare the journal entry (d any for Blane to record the imporment of its goodwil at she end of 2019. 2. Next Level Would any additional impairment be required? 3. Assume that are uses IPS and has estimated the recoverable amount of Hucker (which quasies as a cas-generaling-ut to be $740,000. Prepare the journal entry for Blaha to record the impairment of is goodwil at the end of 2018 My Work feedback PAGE 1 Score: 7/25 GENERAL JOURNAL CREDIT POST. REF DATE ACCOUNT TITLE DENT 787,500.00 + buco 710,000.00 2 hongal How does groding work? PAGE 1 GENERAL JOURNAL Score: 11/25 DEBIT POST. RER DATE ACCOUNT TITLE CREDIT 105,000.00 impairment loss Goodwill 107,000.00 2 2. Would any additional impairment be required? Additional Instruction Additional impairment loss $41,500 X Points: 1/2