Please don't provide solutions in an image format thanks @Presented below is net asset information related to the Metlock Division of Santana, Inc.CashMetlock DivisionNet AssetsAs of December 31, 2025(in millions)Accounts receivableProperty, plant, and equipment (net)GoodwillLess: Notes payableNet assets$542032,598204(2,593)$466The purpose of the Metlock Division is to develop a nuclear-powered aircraft. If successful, traveling delays associated with refuelingcould be substantially reduced. Many other benefits would also occur. To date, management has not had much success and is decidingwhether a write-down at this time is appropriate. Management estimated its future net cash flows from the project to be $425 million.Management has also received an offer to purchase the division for $335 million (deemed an appropriate fair value). All identifiableassets' and liabilities' book and fair value amounts are the same.Prepare the journal entry to record the impairment at December 31, 2025. (If no entry is required, select "No Entry" for the accounttitles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Listdebit entry before credit entry.)Account Titles and ExplanationDebitCredit

Name: Please don't provide solutions in an image format thanks @Presented be
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: Please don't provide solutions in an image format thanks @Presented below is net asset information related to the Metlock Division of Santana, Inc.CashMetlock DivisionNet AssetsAs of December 31, 2025(in millions)Accounts receivableProperty, plant, a