Wick and Jose's Athletic Emporium (WJAE) provided the following information EE (Click the icon to view the information.) The qualitative assessment of goodwill is completed and it is more likely than not that goodwill is impaired. Determine if WJAE needs to record a goodwill impairment loss and prepare any required journal entries Conduct the impairment test for goodwill at the end of the year Start with part 1 Step 1: Goodwill Impairment indicated Now complete part 2 of the impairment test for goodwill. Select whether step 2 of the test is required on the first line. (If the test is not required, leave all the remaining cells blank. Use a minus sign or parentheses for any loss amounts.) Step 2 Step 2 required Goodwill Less Less Prepare the journal entry required to record any impairment loss. (Record debits first, then credits. Exclude explanations from any journal entries. If no entry is required select "No Entry Required" on the first line of the journal entry table and leave all remaining cells in the table blank.) Account Date of Impairment EE (Click the icon to view the information.) Fair Value of the Reporting Unit, including goodwill Fair Value of the Net Assets, excluding goodwill Book Value of Net Assets, excluding goodwill Add: Book Value of Goodwill $1,100 700 510 310 820 Book Value of the Reporting Unit, including goodwill