Goodwill Impairment Test-After Adoption of FASB ASU 2017-04 Assume the equity method Equity Investment account relating to a subsidiary has a reported balance of 52,510,000, 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 simpaired and, if so, the amount of impairment assuming the parent company has previously adopted FASB ASU 2017.04 Enter the impairment amount below. If goodwili in not impaired enter Pero, $ 140,000 Prepare the required journal entry if you determine Goodwillis impaired If goodwill is not impaired, select "No entry" as your answers under Description and leave the Debt and credit answers blank Cero) Description Credit Equity income from subsidiary DOOM Equitter 10,000 Debit . 0 Check