On January 1, 20X1, Porta Corporation purchased Swick Company's net assets and assigned goodwill of $81,100 to Reporting Division K. The following assets and liabilities are assigned to Reporting Division K on the acquisition date: Carrying Amount Cash Inventory Equipment Goodwill Accounts Payable Fair Value $ 15,100 57,100 $ 15,100 181,000 72,100 201,000 81,100 31,100 31,100 Required: On December 31, 20X3, Porta must test goodwill for impairment. Determine the amount of goodwill to be reported for Division K and the amount of goodwill impairment to be recognized, if any, if Division K's fair value is determined to be a. $351,000. b. $291,000. c. $271,000. Amount of Goodwill Goodwill Impairment a. C. b.