Could you explain me this? your answer rated 100% correct from 24 students

Consolidation entries at date of acquisition (purc... | Chegg.com

but my homework resulted is $240,000. I am lost. thank you

Goodwill Impairment TestAfter Adoption of FASB ASU 2017-04

Assume the equity method Equity Investment account relating to a subsidiary has a reported balance of $2,510,000, including $240,000 of Goodwill. The fair value of the subsidiary is $2,250,000. The fair value of the subsidiary's individually identifiable net assets is $2,150,000. The subsidiary has only one reporting unit, which is the same as the overall entity.

For this fact set, determine whether Goodwill is impaired and, if so, the amount of impairment assuming the parent company has previously adopted FASB ASU 2017-04 Enter the impairment amount below. If goodwill in not impaired, enter zero. $Answer $240,000

Prepare the required journal entry if you determine Goodwill is impaired. If goodwill is not impaired, select "No entry" as your answers under Description and leave the Debit and Credit answers blank (zero).

Description	Debit	Credit
Equity income from subsidiary	Answer 240000	Answer
Equity investmenty	Answer	Answer 240000