Following its acquisition of the net assets of Dan Company, Empire Company assigned goodwill of $60,000 to one of the reporting divisions. Information for this division follows: Carrying amount Cash 20,000 Inventory 35,000 Equipment 125,000 Goodwill 60,000 Accounts Payable 30,000 1. Based on the preceding information, what amount of goodwill impairment will be reported for this division if its fair value is determined to be $200,000? $10,000 0 $60,000 0 $50,000 O$0 QUESTION 3 2. Based on the preceding information, what amount of goodwill impairment will be recognized for this division if its fair value is determined to be $195,000? 0 $15,000 0 $5,000 $60,000 0 $30,000 QUESTION 4 3. Based on the preceding information, What amount of goodwill impairment will be recognized for this division if its fair value is determined to be $245,000? 0 $5,000 0 $60,000 0 $0 0 $55,000