On January 1, 2013, Porsche Company acquired 100% of Saab Company's stock for $449,900 cash. The fair value of Saab's identifiable net assets was $374,490 on this date. Porsche Company decided to measure goodwill impairment using comparable prices of similar businesses to estimate the fair value of the reporting unit (Saab). The information for these subsequent years is as follows:

On January 1, 2013, Porsche Company acquired 100% of Saab Company's stock for $449,900 cash. The fair value of Saab's identifiable net assets was $374,490 on this date. Porsche Company decided to measure goodwill impairment using comparable prices of similar businesses to estimate the fair value of the reporting unit (Saab). The information for these subsequent years is as follows: Present Value of Future Carrying Value of Saab's Fair Value of Saab's Year Cash Flows Identifiable Net Assets* Identifiable Net Assets 2014 $402,960 $327,630 $340,810 2015 $400,450 $317,230 $347,780 2016 $346,700 $298,750 $323,800 *Identifiable net assets do not include goodwill. (a) For each year determine the amount of goodwill impairment, if any. Hint: You may wish to refer back to the section entitled Goodwill Impairment Test in Chapter 2. 2014 2015 2016 Impairment loss Click if you would like to Show Work for this question: Open Show Work