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HOME 1: Chick Chicky Corp. purchased Tink Corp. on January 1, 2013 for $100,000, incurring goodwill of $50,000. Tink Corp. became worthless on December 1,

HOME 1: Chick Chicky Corp. purchased Tink Corp. on January 1, 2013 for $100,000, incurring goodwill of $50,000. Tink Corp. became worthless on December 1, 2013. How much should be reported as goodwill at December 31, 2014

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