Rossie Equipment Manufacturing Company acquired the assets of Alba Incorporated, a competitor, in Year 1. It recorded goodwill of $49 , 240 at acquisition. Because of defective machinery Alba had produced prior to the acquisition, it has been determined that all of the acquired goodwill has been permanently impaired. Required Prepare the journal entry to record the permanent impairment of the goodwill. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Note: tnter debits betore credits