Porter Corporation acquired Stewart Corporation on January 1, 2014, at a cost of $75 million. Stewart consisted of three identifiable reporting units, designated X, Y, and Z. Relevant data for the acquisition are as follows:

In addition, existing reporting unit J is expected to benefit from the acquisition, such that its fair value increases by $20,000,000. Unit J has a carrying value of $70,000,000.
Assume qualitative assessment at December 31, 2014, indicates it is more likely than not that book value exceeds fair value for all reporting units, and Porter proceeds with the quantitative test of goodwill impairment. On December 31, 2014, the following amounts were estimated for the four reporting units:

Required
a. Calculate the total goodwill and its allocation to business units at January 1,2014.
b. Calculate any impairment of goodwill at December 31,2014.

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Total Unit X Unit Y Unit Z 18,000,000 50,000,000 6,000,000 30,000,000 1,000,000 15,000,000 Liabilities... . 25,000,000 18, Unit XUnit Y Unit J Unit Z Fair value of reporting unit . .$30,000,000 $15,000,000 $12,000,000 $75,000,000 Fair value of identifiable net assets23,000,000 Book value 58,000,000 34,000,000 20,000,000 10,000,000 72,000,000 6,000,000 4,000,000