Goodwill impairment Test-After Adoption of FASE ASU 2017-04 Assurne the equity method Equity liventment account relating to a subsidiary has a reported balance of 55,900,000, iniduding 5300.000 of Coodiwil, The farr value of the subsidiliy is 35 sco.000 The fair value of the subsidiary's individoally identifiable net assets is $5,000000. The subnidiary has only one roporting unit, which is the game os the overalf entily For this fact set, determine whether Goodwit is implired and, if so, the amount of impaiment. Enter the impairment amount below. if Goodwill is not impwhed, enter zero. Prepare the required journal entry if you determine Goodwill is impoired. U Goodwill is not impazed, select "No entry" as your ancwers under Description and leave the Debit and Credt answeis blank (aero) How would your answer above change if all of the information is the same, except the fair valise tor the subsid ary is 55.520 .000 ? If Goodwili is not impaired, select Wo entry as your answers under Descripton and leave the Debit and Credit answers Blank Geror)