Twilight Corporation acquired Big World Products on January 1, 2017 for $6,400,000, and recorded goodwill of $1,200,000 as a result of that purchase. At December 31, 2018, the value of $5,440,000, The net identifiable assets of the Big World (excluding goodwill) had a fair value of $4,740,000 at that time. What amount of loss on impairment of goodwill sh O $-0- O $500,000 O $460,000 O $960,000