Part 2 please, show work.

View Policies Current Attempt in Progress On May 31, 2018, Armstrong company paid $3,500,000 to acquire all of the common stock of Hall Corporation, which became a division of Armstrong Hall reported the following balance sheet at the time of the acquisition Current assets Noncurrent assets $ 900,000 Current liabilities 2,700.000 Long-term liabilities Stockholder's equity Total liabilities and $3,600.000 stockholder's equity $ 600,000 500.000 2,500,000 $3,600,000 Total assets It was determined at the date of the purchase that the fair value of the identifiable net assets of Hall was $3,100,000. At December 31, 2018, Hall reports the following balance sheet information: Current assets Noncurrent assets (including goodwill recognized in purchase) Current liabilities Long term liabilities Net assets $ 800,000 2.400,000 (700.000) (500.000) $2,000,000 It is determined that the fair value of the Hall division is $2,200,000. The recorded amount for Hall's net assets (excluding goodwill) is the same as fair value, except for property, plant, and equipment, which has a fair value of $200,000 above the carrying value Part 1 Part 2 Determine the impairment loss if any.to be recorded on December 31, 2018. Impairment loss S