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

Required
a. Determine the amount of goodwill that Rover should report in its current financial statements.
b. Determine the amount, if any, that Rover should report as impairment of goodwill for the currentperiod.

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