5. On July 12, 2017, Browning Corporation acquired Smith Company in a business combination. As a result of the combination, the following amounts of goodwill were recorded for each of the three reporting units of the acquired company. Retailing $60,000 Service $40,000 Financing $80,000 Near the end of 2017 a new major competitor entered the company's market and Browning was concerned that this might cause a significant decline in the value of goodwill. Accordingly, Browning computed the implied value of the goodwill for the three major reporting units at December 31, 2017 as follows: Retailing $50,000 Service $20,000 Financing $120,000 Required: Determine the amount of impairment of goodwill that should be recorded by Carver at December 31, 2017.