E1-15 Goodwill Impairment LO 1-5 On January 1, 20X1, Porta Corporation purchased Swick Company's net assets and assigned goodwill of $80,100 to Reporting Division K. The following assets and liabilities are assigned to Reporting Division K on the acquisition date: Cash Inventory Equipment Goodwill Accounts Payable Carrying Amount Fair Value $ 14,100 $ 14,100 56,100 171,000 71,100 191,000 80,100 30,100 30,100 Required: On December 31, 20X3, Porta must test goodwill for impairment. 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. $341,000. b. $281,000. c. $261,000. a. b. C. Amount of Goodwill Goodwill Impairment