Waters Corporation purchased Johnson Company 3 years ago and at that time recorded goodwill of $395,550. The Johnson Division's net assets, including the goodwill, have a carrying amount of $793,610. The fair value of the division is estimated to be $2,093,700. Prepare Waters's journal entry, if necessary, to record impairment of the goodwill. (If no entry is required enter No entry for the account and 0 for the amount.)