Stockholders of Ayayai Company, Concord Company, and Bridgeport Company are considering alternative arrangements for a business combination. Balance sheets and the fair values of each company's assets on October 1, 2024, were as follows: Ayayai Company shares have a fair value of $50. A fair (market) price is not available for shares of the other companies because they are closely held. Fair values of liabilities equal book values. Prepare a balance sheet for the busness combination. Assume the following: Ayaya Company acquires all the assets and assumes all the liabilities of Concord and Bridgeport Companies by issuing in exchange 140,190 shares of its common stock to Concord Company and 40,110 shares of its common stock to Bridgeport Company. (List assets in order of liquidity. Enter negative account balance with negative sign preceding the number e.g. 5,125 or parentheses e.g. (5,125).) Assume, further, that the acquisition was consummated on October 1, 2024, as described above. However, by the end of 2025 , Ayayai was concerned that the fair values of one or both of the acquired units had deteriorated. To test for impairment, Ayayai decided to measure goodwill impairment using the present value of future cash flows to estimate the fair value of the reporting units (Concord and Bridgeport). Ayayai accumulated the following data: * Identifiable Net Assets do not include goodwill. Prepare the journal entry, if needed, to record goodwill impairment at December 31, 2025. Use FASB's simplified approach to test for goodwill impairment (assume that the qualitative test is satisfied or bypassed). (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.)