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

Land Building Building - Accumulated Depreciation Equipment Equipment - Accumulated Depreciation Intangible Assets Intangible Assets - Accumulated Amortization Goodwill Accumulated Impairment Loss - Goodwill Trial Balance At December 31, 2019 Debit Credit 320,000 2,544,094 61,584 389,105 37,259 Unadjusted Trial Balance At December 31, 2020 Debit Credit 320,000 2,544,094 61,584 406,905 37,259 161,750 675,000 675,000