guys, pls help if you could............thanks alot!


On may 31. 2011 A company paid $3500000 to acquire all of the common stock of B corporationame a division. of  A. Company B reported teh following balance  which became a division of A. B reported the following balancesheet at the time fo acquisition

current assets 900,000
non current assets 27,00,000
total assets: 36,00,000


current liabilites 600,000
long term liabilities 500,000
stock holders equity 25,00,000
total: 36,00,000

it was determined at the date of the purchase that the fair value of the identifiable net assets of B was 28,00,000

at december 31, 2011 B reports the followitn balancesheet information

current assets 800,000
non current assets(including goodwill recognized in purchase) 24,00,000
curretn liabilities (700,000)
long term liabilities (500,000)
net assets 2,000,000

it si detmined that the fair market value at 12/31/11 of the hall divison is $2100,000. the recorded amount for hall's net assets(excluding goodwill) is the same as fair value, except for property, plant and equipment, which as a fair value of 200,000 above teh carrying value.

instruction:

a) compute the amount fo goodwill recognized, if any, on may 31, 2011
b) determine the impairment loss, if any, to be reocorded on deceber 31, 2011
c) assume that the fair value of the hall division is 1900,000 instead of 21,00,000. prepare teh journal entry ro ercord the impairment loss, if any, on december 31 2011