Assume that on January 1, 20X2, investors form Acme Corp agree to consolidate the operations of ABC, Inc., and DEF Company in a deal valued at $2.0 billion. Acme organizes each former entity as an operating segment. Additionally, Acme two divisionsABC Hot and ABC Coldthat, along with DEF, are treated as independent reporting units for internal performance evaluation and management reviews. ACME recognizes $215 million as goodwill at the merger date of January 1, 20X3 and allocates this entire amount to its reporting units. That information and each reporting unit's acquisition-date fair values are as follows.

New Corps Acquisition-Date Fair Values Reporting Units Goodwill January 1, 20X3 ABC Hot $ 22,000,000 $750,000,000 ABC Cold 155,000,000 748,000,000 DEF Company 38,000,000 502,000,000

In December, 20X3, Acme Corp performed an analysis for each of its three reporting units to assess potential goodwill impairment. They examined the events that may affect the fair values of its reporting units. The analysis reveals that the fair value of each reporting unit likely exceeds its carrying amount except for ABC Cold. The goodwill impairment test then reveals that ABC Colds fair value has fallen to $70 million, well below its current carrying amount. Acme compared the implied fair value of ABC Colds goodwill to its carrying amount. Acme needs to determine the implied fair value of goodwill. The fair value of ABC Colds net assets as of December 31, 21X3 is shown below.

ABC Cold December 31, 20X3, fair value $70,000,000 Fair values of ABC Cold net assets at December 31, 20X3: Current assets $ 5,000,000 Property 40,000,000 Equipment 15,000,000 Subscriber list 10,000,000 Patented technology 1,000,000 Current liabilities (4,000,000) Long-term debt (10,000,000) Required: (1) What is the implied fair value of goodwill for ABC Cold? (2) What is the carrying value of goodwill of ABC Cold before impairment? (3) What is the impairment loss of ABC Cold?