During the year, Nelson Company conducted an impairment analysis for three assets: a building, an operating license, and goodwill. The carrying values of the assets as of the beginning of the year were as follows: building, $20,000; operating license, $38,000; goodwill, $120,000. It was found that each one of the assets was impaired. Impairment losses were recognized as follows: building, $4,000; operating license, $23,000; goodwill, $94,000. The year-end fair values of all three of these assets were determined using internally generated data.
Prepare the Level 1, Level 2, and Level 3 disclosures required under SFAS No. 157.