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Crane Corporation acquired End-of-the-World Products on January 1, 2020 for $6350000, and recorded goodwill of...

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Accounting

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Crane Corporation acquired End-of-the-World Products on January 1, 2020 for $6350000, and recorded goodwill of $1190000 as a result of that purchase. At December 31, 2021, the End-of-the-World Products Division had a fair value of $4678000. The net identifiable assets of the Division (including goodwill) had a carrying value of $5390000 at that time. What amount of loss on impairment of goodwill should Crane record in 2021? $960000 $1672000 $712000 $O

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