value). All identifiable assets' and liabilities' book and fair value amounts are the same

Metlock Division Net Assets As of December 31, 2025 (in millions) Cash Accounts receivable Property, plant, and equipment (net) Goodwill Less: Notes payable Net assets $54 203 2,598 204 (2,593) $466 The purpose of the Metlock Division is to develop a nuclear-powered aircraft. If successful, traveling delays associated with refueling could be substantially reduced. Many other benefits 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 $425 million. Management has also received an offer to purchase the division for $335 million (deemed an appropriate fair value). All identifiable assets' and liabilities' book and fair value amounts are the same. (a) Prepare the journal entry to record the impairment at December 31, 2025. (Ifno entry is required, select "NO Entry" for theaccount titles and enter Ofor the amounts. Credit accounttitles areautomatically indented when amount is entered. DO not indent manually. List debit entry before credit entry.) Account Titles and Explanation Debit Credit