Portland Company Paid $100,000,000 in Cash for Seattle Company's Assets

Portland Company paid $100,000,000 in cash for Seattle Company's assets and liabilities, recording goodwill of $75,000,000. As part of the as part of the acquisition, previously unreported brand names were capitalized at a value of $4,000,000. Three months later, Seattle's brand names are determined to have been worthless as of the date of acquisition. The entry to record this information includes:

A) A debit to loss of $4,000,000, reported in income
B) A debit to brand names of $4,000,000
C) A debit to goodwill of $4,000,000
D) A debit to retained earnings of $4,000,000