(Ch 1 & 2) Perkins Tea Company acquired the net assets of Burnt Toast Company, assigning goodwill of $60,000 to one of the reporting divisions. A year after the acquisition, Perkins Tea Co. conducts an impairment test on the reporting division and determines the following current fair values: Carrying Amount Current Fair Value Cash $ 20,000 $20,000 Inventory 35,000 40 000 Equipment 125,000 160.000 Goodwill 60.000 Accounts Payable 30 000 30.000 Based on the preceding information, what amount of goodwill will be reported for this division if its fair value is determined to be $200,000? $30.000 Based on the preceding information, what amount of goodwill will be reported for this division if its fair value is determined to be $200,000? $30,000 $60,000 $10,000 $0