Wildhorses Construction & Paving expanded its business by purchasing Alcott Maintenance, a division that provides road maintenance services. The division was purchased three years ago for $3,094,000 and has been identified as a reporting unit. The net assets for the division including goodwill are as follows:

Cash		$241,000
Accounts Receivables		275,000
Inventory		759,000
Property, Plant & Equipment		1,043,000
Goodwill		1,143,000
Accounts Payable		(112,000	)
Unearned Revenue		(74,000	)
Net assets, at carrying amounts		$3,275,000

The fair value of the Alcott Maintenance Division reporting unit as a whole is estimated to be $3,015,000. Management determines that the units value in use is $3,111,000.

(a)

Prepare any appropriate journal entries for goodwill impairment assuming that Wildhorse Construction & Paving is reporting under ASPE. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit