On July BlossomCorporation

acquiredCraneCompany for $cash At the

time of purchase,Cranes balance sheet showed assets of

$and liabilities of $ The fair value

ofCranesassets is estimated to be $On December the fair value ofCraneis estimated

to be $ The carrying value ofCranes net identifiable

assets, including the goodwill, at yearend is $

PrepareBlossoms journal entry, if necessary, to record

impairment of goodwill.Credit account titles are

automatically indented when the amount is entered. Do not indent

manually.