P Company purchased S Inc. 10 years ago and recorded $500,000 of goodwill in connection with the

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P Company purchased S Inc. 10 years ago and recorded $500,000 of goodwill in connection with the acquisition. S is considered to be a reporting unit of P. Last year, P recorded a $300,000 impairment loss on the goodwill attached to the S reporting unit. At the end of the current year, the following information is available before any goodwill impairment is recorded for the current year.

-- P has equity in the S investment of $4,600,000. This is P's carrying value of the S net assets.

-- The fair value of the S reporting unit is $4,530,000.

1. What is the impairment loss recognized in the current year? Blank 1

2. What is the balance in the goodwill account (related to the S reporting unit) that would be included on the consolidated balance sheet as of the end of the current year?