Following its acquisition of the net assets of Dan Company, Empire Company assign goodwill of $60,000 to one of the reporting divisions. Information for this division follows: Carrying Amount Fair Value Cash S 20,000 S 20,000 Inventory 35,000 40,000 Equipment 125,000 160,000 Goodwill 60,000 Accounts Payable 30,000 30,000 8) Based on the preceding information, what amount of goodwill will be reported for this division - after any necessary impairments - if the fair value of the entire reporting unit is determined to be $200,000? A) SO B) $60,000 C) $30,000