On January 1, 20X7, Proft Company purchased Strobe Company’s net assets and assigned them to four separate reporting units. Total goodwill of $176,000 is assigned to the reporting units as indicated:

Required

Determine the amount of goodwill that Proft should report at December 31, 20X7. Show how you computed it.

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Carrying value of reporting unit at 12/31/20X7 Goodwill included in carrying value Fair value of net identifiable assets at 12/31/20X7 Fair value of reporting unit at 12/31/20X7 A $700,000 60,000 600,000 690,000 Reporting Unit с $380,000 28,000 400,000 360,000 B $330,000 48,000 300,000 335,000 D $520,000 40,000 500,000 585,000