The fair values of assets and liabilities held by three reporting units and other information related to the reporting units owned by Prover Company are as follows:

Required

a. Determine the amount, if any, that Prover should report as a goodwill impairment for the current period.

b. Determine the amount of goodwill that Prover should report in its current financial statements.

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Reporting Unit B A C Cash & Receivables Inventory Land Buildings $ 30,000 $ 80,000 $ 20,000 60,000 100,000 40,000 20,000 30,000 10,000 100,000 150,000 80,000 Equipment 140,000 90,000 50,000 Accounts Payable 40,000 60,000 10,000 Fair Value of Reporting Unit 400,000 440,000 265,000 Carrying Value of Investment 420,000 500,000 290,000 Goodwill Included in Carrying Value 70,000 50,000 40,000