Problem: In 2022, Hammett Plc acquired Patterson Ltd for £6,000. The table below reports the book value and the fair value of the assets and liabilities of Patterson Ltd at the time of the acquisition. Amounts in £ Book value Fair value Cash 400 500 Accounts receivable 200 160 PPE 400 600 Intangible assets 0 80 Liabilities 200 200 Hammett Plc's consolidated financial statements showed goodwill balances of £7,000 and £6,000 at the end of 2021 and 2022, respectively. Hammett Plc did not make any other acquisitions during 2022. In 2022, Hammett Plc recorded a goodwill impairment in the amount of: