A merger on January 1, 2021 generates goodwill of $50,000,000, which is properly allocated to three divisions of the organization. At the end of 2021, the following information is available:

	Division 1	Division 2	Division 3
January 1, 2021 balance of goodwill	$ 30,000,000	$ 15,000,000	$ 5,000,000
Fair value of division	65,000,000	44,000,000	15,000,000
Book value of division	70,000,000	43,000,000	17,000,000

Due to a downturn in the economy in 2021, it is more likely than not that goodwill is impaired in all three divisions.

REQUIRED: Which divisions (if any) have impaired goodwill? Explain (be specific).