Chapter 1 Intercorporate Acquisitions and Imvesments in Other Entities 15E1-15 Impairment of Goodwill to Reporting Mesa Corporation purchased Kwick Company's net assets and assigned goodwill os Division K: Cash Inventory Equipment Goodwill Carrying Amount 14,000 56,000 170,000 80,000 30,000 Fair Value $ 14,000 71,000 190,000 Accounts Payable 30,000 Required Determine the amount of goodwill to be reported for Division K and the amount of goodwill impairment to be recognized, if any, if Division K's fair value is determined to be a. $340,000. b. $280,000. c. $260,000