In 2020, Dooling Corporation acquired Oxford Inc. for $250 million, of which $50 million was attributed to goodwill. At the end of 2021. Dooling's accountants derive the following information for a required goodwill impairment test: Book value of Oxford (including goodwill): Fair value of Oxford's tangible and intangible assets (excluding goodwill): Fair value of Oxford (the reporting unit): $234.5million $209.5million $260.0million Assume the same facts as above, except that the fair value of Oxford (the reporting unit) is $225 million. Required: 1. Determine the amount, if any, of the goodwill impairment loss that Dooling must recognize on these assets. (Negative amounts should be indicated by a minus sign. Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) 2. Determine the proper balance of goodwill in Dooling's records at the end of 2021. (Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Answer is complete but not entirely correct. 1. Impairment loss $ (34.5) million 2. Balance of goodwill S 15.5 million