Company on January 1, 2015, for $850,000. The following determination and distribution c excess schedule is prepared at the time of purchase: Exercise 11 (L07) Impairment loss. Albers Company acquires an 80% interest in Determination and Distribution of Excess Schedule Company Implied Fair Value Parent Price (80%) NCI Value (20%) $1,062,500 $850,000 $212,500 $ 600,000 $600,000 $600,000 Less book value of interest acquired: 80% 20% Interest acquired Excess of fair value over book value Adjustment of identifiable accounts: $120,000 $92,500 $480,000 $ 462,500 $370000 $92.500 Amortization Adjustment per Year $ 200,000 10,000 Worksheet Key debit D1 debit D2 Life 20 Goodwill 262,500 Total.... Albers uses the simple equity method for its investment in Barker. As of December 31, 2019, Barker has earned $200,000 since it was purchased by Albers. Barker pays no dividends during 2015-2019. On December 31, 2019, the following values are available: Fair value of Barker's identifiable net assets (100%) Estimated fair value of Barker Company Inet of liabilities).. . 900,000 ,000,000 Determine if goodwill is i mpaired. If not, explain your reasoning. If so, calculate the losson impairment