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JLIU LUULUULUUOI Question 2 --/10 View Policies Current Attempt in Progress Sheridans Company bought Special Products Division in 2020 and appropriately recorded $755000 of goodwill

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JLIU LUULUULUUOI Question 2 --/10 View Policies Current Attempt in Progress Sheridans Company bought Special Products Division in 2020 and appropriately recorded $755000 of goodwill related to the purchase. On December 31, 2021, the fair value of Special Products Division is $6300000 and it is carried on Sheridan's books for a total of $5400000, including the goodwill. An analysis of Special Products Division's assets indicates that goodwill of $621000 exists on December 31, 2021. What goodwill impairment should be recognized by Sheridans in 2021? $0. $900000. $755000. $145000

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