19. George Corporation acquired Martin Plc on January 1, 2018 for $4,800,000, and recorded book value of goodwill of $700,000 as a result of that purchase. At December 31, 2018, Martin Plc had a fair value of $3,500,000 (including goodwill). The net identifiable assets of the Martin Plc (excluding goodwill) had a fair value of $3,200,000 at that time. What amount of loss on impairment of goodwill should Martin record in 2018 a. $400,000 b. $1,600,000 c. $600,000 d. $300,000