Goodwill Impairment Test-Prior to Adoption of FASB ASU 2017-04 Assume that the equity method Equity Investment account relating to a subsidiary has a reported balance of $10,040,000, including $960,000 of Goodwill. The fair value of the subsidiary is $9,000,000. The fair value of the subsidiary's individually identifiable net assets is $8,600,000. The subsidiary has only one reporting unit, which is the same as the overall entity. For this fact set, determine whether Goodwill is impaired and, if so, the amount of impairment assuming the parent company has not yet adopted FASB ASU 2017-04. Enter the impairment amount below. If the goodwill is not impaired, enter zero. Prepare the required journal entry if you determine Goodwill is impaired. If Goodwill is not impaired, select "No entry" as your answers under Description and leave the Debit and Credit answers blank (zero). Description Debit Credit