On January 1, 20x1, Porta Corporation purchased Swick Company's net assets and assigned goodwill of $81,400 to Reporting Division K. The following assets and liabilities are assigned to Reporting Division K on the acquisition date: Cash Inventory Equipment Goodwill Accounts Payable Carrying Amount $ 15,400 57,400 184,000 81,400 31,400 Fair Value $ 15,400 72,400 204,000 31,400 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. $354,000. b. $294,000. c. $274,000. Amount of Goodwill Goodwill Impairment a. b. C