Write down goodwill - calculate and prepare adjusting entry for trial balance Goodwill was a result of a combination of activities in 2019. After an analysis, the following information relating to goodwill was determined: Value in use $613,000 Fair value less cost to sell $580,000 Trial Balance Unadjusted Trial Balance At December 31, 2019 At December 31, 2020 Debit Credit Debit Credit Land 320,000 320,000 Building 2,544,094 2,544,094 Building - Accumulated Depreciation 61,584 61,584 Equipment 389,105 406,905 Equipment - Accumulated Depreciation 37,259 37,259 Intangible Assets 161,750 Intangible Assets - Accumulated Amortization Goodwill 675,000 675,000 Accumulated Impairment Loss - Goodwill