Assume the parent company acquires a subsidiary and recognized $ 1 0 0 , 0 0 0 of Goodwill in the assign - ment of fair values. The current balance of the Equity Investment account on the parent's balance sheet is $ 1 , 0 0 0 , 0 0 0 . The parent company determined that the subsidiary is a separate reporting unit.Assume the parent decided to forgo the option to perform a qualitative assessment to determine whether it is more likely than not that the fair value of the reporting unit is less than the carrying value of the reporting unit. Required Each of the following parts is independent of the other. a . Assume the fair value of the reporting unit is $ 9 6 0 , 0 0 0 . Perform the Goodwill impairment test and prepare the required journal entry for impairment, if it is necessary. b . Assume the fair value of the reporting unit is $ 8 5 0 , 0 0 0 . Perform the Goodwill impairment test and prepare the required journal entry for impairment, if it is necessary